Org.nr 998 020 964 2016 → 2017 Year-over-year analysis

AK NORGE WIC AS: årsregnskap 2017 vs 2016

Shrank 18% on revenue, cash halved-plus

approved 2018-06-12; registry 2018-08-06; journal 2018 861399

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for AK NORGE WIC AS. Revenue 40.73m NOK → 33.39m NOK (-18.0%). Equity 36.04m NOK → 35.46m NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for AK NORGE WIC AS.

At a glance

Revenue

40.73m NOK 33.39m NOK

-18.0%

Net result

+3.47m NOK n/m

—

Equity

36.04m NOK 35.46m NOK

-1.6%

Cash

5.78m NOK 871.2k NOK

-84.9%

Total assets

39.91m NOK 40.53m NOK

+1.5%

↓
Revenue fell

Operating income / revenue moved from 40.73m NOK to 33.39m NOK (-18.0% YoY). Calculated
↓
Equity eroded

Book equity 36.04m NOK → 35.46m NOK (equity ratio 90.3% → 87.5%). Calculated
↓
Cash fell

Bank deposits 5.78m NOK → 871.2k NOK (-84.9% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (5.78m NOK → 871.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
COGS fell

COGS / varekostnad 11.13m NOK → 9.37m NOK (-15.8% YoY). Calculated