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Org.nr 989 770 349 2017 → 2018 Year-over-year analysis

AKERSGATA 16 AS: årsregnskap 2018 vs 2017

Grew 883% on revenue, slipped into loss

approved 2019-06-30; registry 2019-07-22; journal 2019 755493

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for AKERSGATA 16 AS. Revenue 873 NOK → 8 580 NOK (+882.8%). Net result +436.9k NOK → -7.09m NOK. Equity 3.59m NOK → 3.43m NOK.

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

Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AKERSGATA 16 AS.

At a glance

Scorecard

Revenue
873 NOK 8 580 NOK
+882.8%
Operating result
n/m -6.99m NOK
—
Net result
+436.9k NOK -7.09m NOK
-1723.5%
Equity
3.59m NOK 3.43m NOK
-4.6%
Cash
6 073 NOK 44.4k NOK
+630.8%
Total assets
82.86m NOK 109.15m NOK
+31.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 873 NOK to 8 580 NOK (+882.8% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 6 073 NOK → 44.4k NOK (+630.8% YoY). Calculated

What deteriorated

  • ↓

    Fell into a net loss

    Net result flipped from 436.9k NOK profit to a loss of 7.09m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 3.59m NOK → 3.43m NOK (equity ratio 4.3% → 3.1%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 3.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 19.06m NOK → 19.1k NOK. Reported fact