A2B DESIGN PARTNER AS: årsregnskap 2016 vs 2015
Shrank 71% on revenue, stronger earnings
approved 2017-06-29; registry 2017-07-13; journal 2017 700874
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for A2B DESIGN PARTNER AS. Revenue 803.8k NOK → 233.4k NOK (-71.0%). Net result -448.5k NOK → -121.4k NOK. Equity 7.61m NOK → 484.7k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A2B DESIGN PARTNER AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -449.5k NOK → -121.5k NOK (op. margin -55.9% → -52.1%). Calculated
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Net result improved
Net result -448.5k NOK → -121.4k NOK (net margin -55.8% → -52.0%). Calculated
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Cash rose
Bank deposits 119.3k NOK → 145.6k NOK (+22.0% YoY). Calculated
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Payroll decreased
Salary cost 846.1k NOK → 169.6k NOK (105% → 73% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 803.8k NOK to 233.4k NOK (-71.0% YoY). Calculated
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Equity eroded
Book equity 7.61m NOK → 484.7k NOK (equity ratio 840.9% → 73.0%). Calculated
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Current ratio dropped below 1×
Current ratio 2.94× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 68.2k NOK → 5 250 NOK (-92.3% YoY). Calculated