AKER P-DRIFT AS: årsregnskap 2017 vs 2016
Shrank 14% on revenue, weaker earnings, cash halved-plus
approved 2018-06-30; registry 2018-07-28; journal 2018 802688
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AKER P-DRIFT AS. Revenue 30.36m NOK → 26.09m NOK (-14.1%). Net result +1.41bn NOK → +965 NOK. Equity 407.8k NOK → -233.5k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AKER P-DRIFT AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 10.43m NOK → 9.98m NOK (34% → 38% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 30.36m NOK to 26.09m NOK (-14.1% YoY). Calculated
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↓
Operating result weakened
Operating result +1.68bn NOK → +801.0k NOK (op. margin 5527.1% → 3.1%). Calculated
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↓
Net result weakened
Net result +1.41bn NOK → +965 NOK (net margin 4649.8% → 0.0%). Calculated
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↓
Equity eroded
Book equity 407.8k NOK → -233.5k NOK (equity ratio 4.5% → -4.5%). Calculated
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↓
Cash fell
Bank deposits 5.47m NOK → 2.20m NOK (-59.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -4.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 11.62m NOK → 10.78m NOK (-7.2% YoY). Calculated