FirmaIQ
Org.nr 981 120 973 2016 → 2017 Year-over-year analysis

AKADEMIET VGS MØRE AS: årsregnskap 2017 vs 2016

Shrank 21% on revenue, cash halved-plus

approved 2018-05-29; registry 2018-06-07; journal 2018 424002

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for AKADEMIET VGS MØRE AS. Revenue 14.30m NOK → 11.28m NOK (-21.1%). Equity -2.75m NOK → -2.75m NOK.

On the constructive side: operating result improved. Pressures included: revenue fell; cash fell.

Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AKADEMIET VGS MØRE AS.

At a glance

Scorecard

Revenue
14.30m NOK 11.28m NOK
-21.1%
Operating result
+2 017 NOK +29.9k NOK
+1381.3%
Net result
n/m 0 NOK
—
Equity
-2.75m NOK -2.75m NOK
0.0%
Cash
595.6k NOK 232.6k NOK
-61.0%
Total assets
2.16m NOK 1.90m NOK
-12.0%

What improved

  • ↑

    Operating result improved

    Operating result +2 017 NOK → +29.9k NOK (op. margin 0.0% → 0.3%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 14.30m NOK to 11.28m NOK (-21.1% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 595.6k NOK → 232.6k NOK (-61.0% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -144.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 634.3k NOK → 303.7k NOK (-52.1% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 178.1k NOK → 107.1k NOK. Reported fact