Org.nr 989 199 986 2016 → 2017 Year-over-year analysis

AKAF AS: årsregnskap 2017 vs 2016

Grew 40% on revenue, cash halved-plus

approved 2018-05-23; registry 2018-06-06; journal 2018 420356

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for AKAF AS. Revenue 3.30m NOK → 4.63m NOK (+40.4%). Equity 5.08m NOK → 5.40m NOK.

On the constructive side: revenue rose; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKAF AS.

At a glance

Revenue

3.30m NOK 4.63m NOK

+40.4%

Operating result

+2.10m NOK n/m

—

Net result

+515.7k NOK n/m

—

Equity

5.08m NOK 5.40m NOK

+6.2%

Cash

662.2k NOK 942 NOK

-99.9%

Total assets

61.23m NOK 68.15m NOK

+11.3%

↑
Revenue rose

Operating income / revenue moved from 3.30m NOK to 4.63m NOK (+40.4% YoY). Calculated
↑
Equity strengthened

Book equity 5.08m NOK → 5.40m NOK (equity ratio 8.3% → 7.9%). Calculated

↓
Cash fell

Bank deposits 662.2k NOK → 942 NOK (-99.9% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.17× → 0.14× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
Thin equity buffer

Equity ratio is 7.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation