AIRCONDITION PRODUKTER AS: årsregnskap 2017 vs 2016
Returned to profit
approved 2018-06-20; registry 2018-07-18; journal 2018 729113
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AIRCONDITION PRODUKTER AS. Revenue 0 NOK → 400 NOK. Net result -362.1k NOK → +431.2k NOK. Equity 1.97m NOK → 1.54m NOK.
On the constructive side: revenue rose; turned profitable; cash rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AIRCONDITION PRODUKTER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 400 NOK. Calculated
-
↑
Turned profitable
Net result flipped from a loss of 362.1k NOK to a profit of 431.2k NOK. Calculated
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↑
Cash rose
Bank deposits 117.3k NOK → 236.1k NOK (+101.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -152.3k NOK → -498.6k NOK. Calculated
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↓
Equity eroded
Book equity 1.97m NOK → 1.54m NOK (equity ratio 98.7% → 79.8%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 4.59× → 0.61× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 280.3k NOK → 187.8k NOK. Reported fact