AK MARINE AS: årsregnskap 2017 vs 2016
Grew 71% on revenue, returned to profit
approved 2018-06-28; registry 2018-07-19; journal 2018 742985
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AK MARINE AS. Revenue 2.24m NOK → 3.84m NOK (+71.2%). Net result -210.4k NOK → +22.0k NOK. Equity 5.93m NOK → 947.8k NOK.
On the constructive side: revenue rose; turned profitable; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for AK MARINE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.24m NOK to 3.84m NOK (+71.2% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 210.4k NOK to a profit of 22.0k NOK. Calculated
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↑
Cash rose
Bank deposits 146.9k NOK → 246.9k NOK (+68.0% YoY). Calculated
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↑
Payroll decreased
Salary cost 4.86m NOK → 1.88m NOK (217% → 49% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 5.93m NOK → 947.8k NOK (equity ratio 197.6% → 28.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.07× → 0.63× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 264.9k NOK → 801.8k NOK (+202.7% YoY). Calculated