AKELE AS: årsregnskap 2017 vs 2016
Grew 16% on revenue, weaker earnings
approved 2018-02-06; registry 2018-03-03; journal 2018 218845
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AKELE AS. Revenue 2.71m NOK → 3.15m NOK (+16.3%). Net result +72.3k NOK → +32.1k NOK. Equity 242.9k NOK → 275.0k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AKELE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 2.71m NOK to 3.15m NOK (+16.3% YoY). Calculated
-
↑
Equity strengthened
Book equity 242.9k NOK → 275.0k NOK (equity ratio 22.5% → 21.3%). Calculated
-
↑
Cash rose
Bank deposits 570.8k NOK → 599.3k NOK (+5.0% YoY). Calculated
-
↑
Payroll decreased
Salary cost 816.0k NOK → 1 NOK (30% → 0% of revenue). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +86.1k NOK → +34.4k NOK (op. margin 3.2% → 1.1%). Calculated
-
↓
Net result weakened
Net result +72.3k NOK → +32.1k NOK (net margin 2.7% → 1.0%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 90368.64× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 756.0k NOK → 215.0k NOK (-71.6% YoY). Calculated