A2BUS AS: årsregnskap 2017 vs 2016
Shrank 88% on revenue, returned to profit
approved 2018-06-29; registry 2018-09-10; journal 2018 923221
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A2BUS AS. Revenue 557.6k NOK → 69.2k NOK (-87.6%). Net result -277.4k NOK → +32.3k NOK. Equity 72.8k NOK → 3.11m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cogs moved.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A2BUS AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -257.8k NOK → +51.1k NOK (op. margin -46.2% → 73.8%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 277.4k NOK to a profit of 32.3k NOK. Calculated
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↑
Equity strengthened
Book equity 72.8k NOK → 3.11m NOK (equity ratio 68.0% → 644.8%). Calculated
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↑
Cash rose
Bank deposits 100.5k NOK → 272.6k NOK (+171.3% YoY). Calculated
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Payroll decreased
Salary cost 413.9k NOK → 22.6k NOK (74% → 33% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 557.6k NOK to 69.2k NOK (-87.6% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 12.2k NOK → 56.1k NOK (+358.0% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 242.0k NOK → 3 328 NOK. Reported fact