AJ SELLISETH AS: årsregnskap 2017 vs 2016
Grew 25% on revenue, weaker earnings
approved 2018-05-22; registry 2018-06-02; journal 2018 387345
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AJ SELLISETH AS. Revenue 2.87m NOK → 3.60m NOK (+25.1%). Net result +566.3k NOK → +303.4k NOK. Equity 988.2k NOK → 1.29m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AJ SELLISETH AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.87m NOK to 3.60m NOK (+25.1% YoY). Calculated
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↑
Equity strengthened
Book equity 988.2k NOK → 1.29m NOK (equity ratio 275.2% → 53.6%). Calculated
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↑
Cash rose
Bank deposits 92.7k NOK → 6.38m NOK (+6782.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +765.2k NOK → +416.6k NOK (op. margin 26.6% → 11.6%). Calculated
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↓
Net result weakened
Net result +566.3k NOK → +303.4k NOK (net margin 19.7% → 8.4%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.47× → 0.19× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 454.1k NOK → 507.4k NOK (16% → 14% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 592.8k NOK → 975.8k NOK (+64.6% YoY). Calculated