AJA FORVALTNING AS: årsregnskap 2017 vs 2016
Grew 32% on revenue, weaker earnings
approved 2018-02-27; registry 2018-03-05; journal 2018 220080
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AJA FORVALTNING AS. Revenue 1.88m NOK → 2.48m NOK (+32.3%). Net result -275.5k NOK → -471.4k NOK. Equity 541.9k NOK → 70.5k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for AJA FORVALTNING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.88m NOK to 2.48m NOK (+32.3% YoY). Calculated
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↑
Cash rose
Bank deposits 140.2k NOK → 287.9k NOK (+105.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -320.8k NOK → -567.4k NOK (op. margin -17.1% → -22.8%). Calculated
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↓
Net result weakened
Net result -275.5k NOK → -471.4k NOK (net margin -14.7% → -19.0%). Calculated
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↓
Equity eroded
Book equity 541.9k NOK → 70.5k NOK (equity ratio 17.1% → 2.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.67m NOK → 2.54m NOK (89% → 102% of revenue). Calculated