AKANTUS MOSJØEN AS: årsregnskap 2017 vs 2016
Grew 504% on revenue, slipped into loss
approved 2018-02-05; registry 2018-03-01; journal 2018 217141
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AKANTUS MOSJØEN AS. Revenue 579.7k NOK → 3.50m NOK (+503.7%). Net result +233.6k NOK → -22.7k NOK. Equity 3.25m NOK → 225.6k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for AKANTUS MOSJØEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 579.7k NOK to 3.50m NOK (+503.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +526.4k NOK → +237.0k NOK (op. margin 90.8% → 6.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 233.6k NOK profit to a loss of 22.7k NOK. Calculated
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↓
Equity eroded
Book equity 3.25m NOK → 225.6k NOK (equity ratio 50.3% → 3.6%). Calculated
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↓
Cash fell
Bank deposits 779.3k NOK → 525.4k NOK (-32.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 919.4k NOK → 1.57m NOK (159% → 45% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 666.6k NOK → 4 442 NOK (-99.3% YoY). Calculated