AB3 HOLDING AS: årsregnskap 2017 vs 2016
Grew 20% on revenue, slipped into loss, cash halved-plus
approved 2018-07-24; registry 2018-07-26; journal 2018 810494
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AB3 HOLDING AS. Revenue 705.9k NOK → 848.9k NOK (+20.3%). Net result +150.8k NOK → -61.2k NOK. Equity -28.2k NOK → -89.4k NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for AB3 HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 705.9k NOK to 848.9k NOK (+20.3% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose -28.2k NOK → 30.0k NOK (+58.2k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +151.1k NOK → -60.6k NOK (op. margin 21.4% → -7.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 150.8k NOK profit to a loss of 61.2k NOK. Calculated
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↓
Equity eroded
Book equity -28.2k NOK → -89.4k NOK (equity ratio -11.8% → -40.0%). Calculated
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↓
Cash fell
Bank deposits 118.8k NOK → 15.2k NOK (-87.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -40.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 513.2k NOK → 833.2k NOK (73% → 98% of revenue). Calculated