FirmaIQ
Org.nr 988 976 881 2014 → 2015 Year-over-year analysis

ABACS AS: årsregnskap 2015 vs 2014

Shrank 67% on revenue, slipped into loss, cash halved-plus

approved 2016-06-29; registry 2016-08-22; journal 2016 840733

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for ABACS AS. Revenue 606.7k NOK → 199.2k NOK (-67.2%). Net result +913.7k NOK → -263.7k NOK. Equity 11.47m NOK → 11.21m NOK.

On the constructive side: current ratio back above 1×. Pressures included: revenue fell; fell into a net loss; equity eroded.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ABACS AS.

At a glance

Scorecard

Revenue
606.7k NOK 199.2k NOK
-67.2%
Operating result
+131.7k NOK n/m
—
Net result
+913.7k NOK -263.7k NOK
-128.9%
Equity
11.47m NOK 11.21m NOK
-2.3%
Cash
2.99m NOK 539.9k NOK
-81.9%
Total assets
13.33m NOK 12.81m NOK
-3.9%

What improved

  • ↑

    Current ratio back above 1×

    Current ratio 0.01× → 1.72×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 606.7k NOK to 199.2k NOK (-67.2% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 913.7k NOK profit to a loss of 263.7k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 11.47m NOK → 11.21m NOK (equity ratio 86.1% → 87.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.99m NOK → 539.9k NOK (-81.9% YoY). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 112.1k NOK → 318.9k NOK (+184.4% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (2.99m NOK → 539.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation