AKAR FOOD AS: årsregnskap 2017 vs 2016
Grew 50% on revenue, weaker earnings, cash halved-plus
approved 2018-05-24; registry 2018-06-04; journal 2018 394695
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AKAR FOOD AS. Revenue 2.32m NOK → 3.48m NOK (+50.2%). Net result +123.5k NOK → +39.6k NOK. Equity -27.3k NOK → -66.9k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AKAR FOOD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.32m NOK to 3.48m NOK (+50.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +108.6k NOK → +8 382 NOK (op. margin 4.7% → 0.2%). Calculated
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↓
Net result weakened
Net result +123.5k NOK → +39.6k NOK (net margin 5.3% → 1.1%). Calculated
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↓
Equity eroded
Book equity -27.3k NOK → -66.9k NOK (equity ratio -2.8% → -9.6%). Calculated
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↓
Cash fell
Bank deposits 355.5k NOK → 81.8k NOK (-77.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -9.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1 234 NOK → 209.3k NOK (0% → 6% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.72m NOK → 2.84m NOK (+65.5% YoY). Calculated