AKERSHUS ENTREPRENØR HOLDING AS: årsregnskap 2017 vs 2016
Shrank 47% on revenue, cash halved-plus
approved 2018-05-22; registry 2018-06-06; journal 2018 422322
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AKERSHUS ENTREPRENØR HOLDING AS. Revenue 391.4k NOK → 207.6k NOK (-47.0%). Equity -70.3k NOK → -138.2k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AKERSHUS ENTREPRENØR HOLDING AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 391.4k NOK to 207.6k NOK (-47.0% YoY). Calculated
-
↓
Equity eroded
Book equity -70.3k NOK → -138.2k NOK (equity ratio -111.4% → -406.5%). Calculated
-
↓
Cash fell
Bank deposits 44.3k NOK → 3 286 NOK (-92.6% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 1 NOK → 9 332 NOK (0% → 4% of revenue). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -406.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 183.5k NOK → 127.2k NOK (-30.7% YoY). Calculated