AJ BLIKK AS: årsregnskap 2017 vs 2016
Grew 6% on revenue, returned to profit, cash halved-plus
approved 2018-06-27; registry 2018-07-02; journal 2018 608863
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AJ BLIKK AS. Revenue 2.53m NOK → 2.69m NOK (+6.1%). Net result -148.3k NOK → +57.4k NOK. Equity -121.2k NOK → -178.6k NOK.
On the constructive side: revenue rose; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for AJ BLIKK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.53m NOK to 2.69m NOK (+6.1% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 148.3k NOK to a profit of 57.4k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity -121.2k NOK → -178.6k NOK (equity ratio -20.0% → -26.1%). Calculated
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↓
Cash fell
Bank deposits 273.8k NOK → 130.9k NOK (-52.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -26.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.40m NOK → 1.62m NOK (55% → 60% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 844.1k NOK → 661.7k NOK (-21.6% YoY). Calculated