AJ SERVICE AS: årsregnskap 2017 vs 2016
Shrank 53% on revenue, weaker earnings, cash halved-plus
approved 2018-03-02; registry 2018-06-12; journal 2018 461436
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AJ SERVICE AS. Revenue 1.82m NOK → 846.4k NOK (-53.5%). Net result +368.8k NOK → +267.0k NOK. Equity 537.6k NOK → 270.6k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AJ SERVICE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 428.3k NOK → 383.4k NOK (24% → 45% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.82m NOK to 846.4k NOK (-53.5% YoY). Calculated
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↓
Operating result weakened
Operating result +369.9k NOK → +267.3k NOK (op. margin 20.3% → 31.6%). Calculated
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↓
Net result weakened
Net result +368.8k NOK → +267.0k NOK (net margin 20.3% → 31.5%). Calculated
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↓
Equity eroded
Book equity 537.6k NOK → 270.6k NOK (equity ratio 4485.2% → 45.7%). Calculated
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↓
Cash fell
Bank deposits 535.8k NOK → 155.2k NOK (-71.0% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 136.2k NOK → 95.8k NOK. Reported fact