ABACOM AS: årsregnskap 2016 vs 2015
Weaker earnings
approved 2017-07-06; registry 2017-08-09; journal 2017 835580
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ABACOM AS. Revenue 3.13m NOK → 3.18m NOK (+1.8%). Net result +951.0k NOK → +329.2k NOK. Equity 798.0k NOK → 1 127 NOK.
On the constructive side: revenue rose; operating result improved; current ratio back above 1×. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABACOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.13m NOK to 3.18m NOK (+1.8% YoY). Calculated
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↑
Operating result improved
Operating result +229.7k NOK → +454.2k NOK (op. margin 7.3% → 14.3%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.71× → 2.36×. Calculated
What deteriorated
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↓
Net result weakened
Net result +951.0k NOK → +329.2k NOK (net margin 30.4% → 10.3%). Calculated
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↓
Equity eroded
Book equity 798.0k NOK → 1 127 NOK (equity ratio 91.0% → 0.1%). Calculated
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↓
Cash fell
Bank deposits 429.8k NOK → 313.2k NOK (-27.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost -120.4k NOK → 20.2k NOK (-4% → 1% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 939.2k NOK → 2.82m NOK (+200.5% YoY). Calculated