ABA-SKOL AS: årsregnskap 2017 vs 2016
Shrank 53% on revenue, slipped into loss
approved 2018-04-23; registry 2018-06-15; journal 2018 479355
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABA-SKOL AS. Revenue 8.36m NOK → 3.92m NOK (-53.2%). Net result +1.98m NOK → -755.0k NOK. Equity 671.6k NOK → -83.3k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABA-SKOL AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 13.7k NOK → 18.8k NOK (+37.2% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.00m NOK → 592.1k NOK (24% → 15% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.36m NOK to 3.92m NOK (-53.2% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 1.98m NOK profit to a loss of 755.0k NOK. Calculated
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↓
Equity eroded
Book equity 671.6k NOK → -83.3k NOK (equity ratio 14.1% → -8.9%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.67× → 0.92× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -8.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 3.18m NOK → 2.70m NOK (-15.0% YoY). Calculated