AB Invest A/S: årsregnskap 2016 vs 2015
Shrank 92% on revenue, cash halved-plus
approved 2017-05-24; registry 2017-06-15; journal 2017 453143
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AB Invest A/S. Revenue 626.0k NOK → 50.4k NOK (-91.9%). Equity 188.27m NOK → 270.56m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AB Invest A/S.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 188.27m NOK → 270.56m NOK (equity ratio 5.5% → 7.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 626.0k NOK to 50.4k NOK (-91.9% YoY). Calculated
-
↓
Cash fell
Bank deposits 129.11m NOK → 20.45m NOK (-84.2% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 2.37m NOK → 2.74m NOK (379% → 5440% of revenue). Calculated
-
↓
COGS moved
COGS / varekostnad 3.83m NOK → 138.83m NOK (+3521.3% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (129.11m NOK → 20.45m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Book investments changed
Investment / intangible book value 10 NOK → 2.76bn NOK. Reported fact