AJA VIN AS: årsregnskap 2017 vs 2016
Grew 50% on revenue, cash halved-plus
approved 2018-06-08; registry 2018-07-26; journal 2018 788589
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AJA VIN AS. Revenue 3.15m NOK → 4.73m NOK (+50.0%). Equity -10.45m NOK → -13.01m NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AJA VIN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.15m NOK to 4.73m NOK (+50.0% YoY). Calculated
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↑
Operating result improved
Operating result -4.81m NOK → -1.85m NOK (op. margin -152.6% → -39.1%). Calculated
What deteriorated
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↓
Equity eroded
Book equity -10.45m NOK → -13.01m NOK (equity ratio -211.2% → -243.3%). Calculated
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↓
Cash fell
Bank deposits 337.8k NOK → 166.1k NOK (-50.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -243.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1 NOK → 3.41m NOK (0% → 72% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 230.3k NOK → 2.16m NOK (+836.6% YoY). Calculated