ABACOT AS: årsregnskap 2017 vs 2016
Stronger earnings, cash halved-plus
approved 2018-02-20; registry 2018-06-04; journal 2018 400179
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABACOT AS. Revenue 696.0k NOK → 715.2k NOK (+2.7%). Net result +40.2k NOK → +255.3k NOK. Equity 3.66m NOK → 1.81m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABACOT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 696.0k NOK to 715.2k NOK (+2.7% YoY). Calculated
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↑
Operating result improved
Operating result +50.0k NOK → +68.1k NOK (op. margin 7.2% → 9.5%). Calculated
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↑
Net result improved
Net result +40.2k NOK → +255.3k NOK (net margin 5.8% → 35.7%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 3.66m NOK → 1.81m NOK (equity ratio 92.9% → 77.2%). Calculated
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↓
Cash fell
Bank deposits 747.0k NOK → 208.1k NOK (-72.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 32.88× → 0.59× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 1.95m NOK → 2.14m NOK. Reported fact