AJ OFFSHORE AS: årsregnskap 2017 vs 2016
Shrank 40% on revenue, stronger earnings
approved 2018-05-28; registry 2018-06-09; journal 2018 442122
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AJ OFFSHORE AS. Revenue 438.6k NOK → 263.4k NOK (-40.0%). Net result +25.7k NOK → +848.6k NOK. Equity 2.14m NOK → 2.39m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +60.9k NOK → +1.07m NOK (op. margin 13.9% → 404.7%). Calculated
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↑
Net result improved
Net result +25.7k NOK → +848.6k NOK (net margin 5.9% → 322.2%). Calculated
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↑
Equity strengthened
Book equity 2.14m NOK → 2.39m NOK (equity ratio 83.4% → 74.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 438.6k NOK to 263.4k NOK (-40.0% YoY). Calculated
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↓
Cash fell
Bank deposits 1.56m NOK → 1.43m NOK (-8.1% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 153.2k NOK → 817.1k NOK (35% → 310% of revenue). Calculated