FirmaIQ
Org.nr 995 785 994 2015 → 2016 Year-over-year analysis

AKASO ELEKTRO AS: årsregnskap 2016 vs 2015

Shrank 17% on revenue, slipped into loss, cash halved-plus

approved 2017-06-30; registry 2017-07-22; journal 2017 747460

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for AKASO ELEKTRO AS. Revenue 43.41m NOK → 36.24m NOK (-16.5%). Net result +1.69m NOK → -3.41m NOK. Equity 3.70m NOK → 11.30m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; fell into a net loss; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AKASO ELEKTRO AS.

At a glance

Scorecard

Revenue
43.41m NOK 36.24m NOK
-16.5%
Net result
+1.69m NOK -3.41m NOK
-302.2%
Equity
3.70m NOK 11.30m NOK
+205.0%
Cash
5.48m NOK 2.28m NOK
-58.4%
Total assets
15.49m NOK 10.50m NOK
-32.2%

What improved

  • ↑

    Equity strengthened

    Book equity 3.70m NOK → 11.30m NOK (equity ratio 23.9% → 107.6%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 43.41m NOK to 36.24m NOK (-16.5% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 1.69m NOK profit to a loss of 3.41m NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 5.48m NOK → 2.28m NOK (-58.4% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.33× → 0.89× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 17.98m NOK → 19.68m NOK (41% → 54% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 19.29m NOK → 17.67m NOK (-8.4% YoY). Calculated