AK HÅRDESIGN AS: årsregnskap 2017 vs 2016
Shrank 28% on revenue
approved 2018-06-29; registry 2018-07-17; journal 2018 719020
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AK HÅRDESIGN AS. Revenue 152.2k NOK → 109.0k NOK (-28.4%). Equity 75.7k NOK → 45.8k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AK HÅRDESIGN AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 152.2k NOK to 109.0k NOK (-28.4% YoY). Calculated
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↓
Equity eroded
Book equity 75.7k NOK → 45.8k NOK (equity ratio 10.4% → 7.3%). Calculated
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↓
Cash fell
Bank deposits 305.1k NOK → 260.9k NOK (-14.5% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 655.0k NOK → 717.2k NOK (430% → 658% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 121.8k NOK → 75.0k NOK (-38.4% YoY). Calculated