AK SKOG AS: årsregnskap 2017 vs 2016
Shrank 14% on revenue, cash halved-plus
approved 2018-06-26; registry 2018-07-31; journal 2018 827384
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AK SKOG AS. Revenue 4.87m NOK → 4.20m NOK (-13.8%). Equity 133.6k NOK → -260.5k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AK SKOG AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 4.87m NOK to 4.20m NOK (-13.8% YoY). Calculated
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↓
Equity eroded
Book equity 133.6k NOK → -260.5k NOK (equity ratio 13.7% → -15.8%). Calculated
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↓
Cash fell
Bank deposits 634.7k NOK → 22.2k NOK (-96.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 4.84× → 0.89× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -15.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 36.9k NOK → 14.0k NOK (-62.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 54.1k NOK → 75.8k NOK. Reported fact