ABACO SHIPPING AS: årsregnskap 2016 vs 2015
Shrank 100% on revenue
approved 2017-06-28; registry 2017-07-18; journal 2017 702384
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ABACO SHIPPING AS. Revenue 148.6k NOK → 0 NOK (-100.0%). Equity 5.86m NOK → 4.67m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ABACO SHIPPING AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 34.5k NOK → 2.06m NOK (+5884.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 148.6k NOK to 0 NOK (-100.0% YoY). Calculated
-
↓
Equity eroded
Book equity 5.86m NOK → 4.67m NOK (equity ratio 12.2% → 7.8%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 38.30× → 0.13× — 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 7.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 45.70m NOK → 8.94m NOK. Reported fact