AITECH AS: årsregnskap 2017 vs 2016
Grew 27% on revenue, weaker earnings
approved 2018-07-28; registry 2018-08-01; journal 2018 845592
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AITECH AS. Revenue 1.53m NOK → 1.94m NOK (+27.0%). Net result +63.1k NOK → +5 426 NOK. Equity 26.0k NOK → 31.4k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for AITECH AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.53m NOK to 1.94m NOK (+27.0% YoY). Calculated
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↑
Equity strengthened
Book equity 26.0k NOK → 31.4k NOK (equity ratio 4.3% → 7.0%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +63.0k NOK → +5 004 NOK (op. margin 4.1% → 0.3%). Calculated
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↓
Net result weakened
Net result +63.1k NOK → +5 426 NOK (net margin 4.1% → 0.3%). Calculated
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↓
Cash fell
Bank deposits 522.6k NOK → 326.4k NOK (-37.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.04× → 0.96× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 2 016 NOK → 1.37m NOK (0% → 71% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 89.8k NOK → 423.7k NOK (+371.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 3 696 NOK → 48.1k NOK. Reported fact