Org.nr 986 950 516 2015 → 2016 Year-over-year analysis

ABACTA AS: årsregnskap 2016 vs 2015

Shrank 70% on revenue, cash halved-plus

approved 2017-06-15; registry 2017-08-15; journal 2017 861782

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ABACTA AS. Revenue 1.53m NOK → 462.7k NOK (-69.8%). Equity 4.45m NOK → 3.48m NOK.

On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABACTA AS.

At a glance

Revenue

1.53m NOK 462.7k NOK

-69.8%

Net result

n/m +8 NOK

—

Equity

4.45m NOK 3.48m NOK

-21.7%

Cash

979.1k NOK 262.4k NOK

-73.2%

Total assets

4.67m NOK 6.60m NOK

+41.2%

↑
Current ratio back above 1×

Current ratio 0.07× → 5.63×. Calculated
↑
Payroll decreased

Salary cost 1.16m NOK → 997.2k NOK (76% → 216% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 1.53m NOK to 462.7k NOK (-69.8% YoY). Calculated
↓
Equity eroded

Book equity 4.45m NOK → 3.48m NOK (equity ratio 95.2% → 52.8%). Calculated
↓
Cash fell

Bank deposits 979.1k NOK → 262.4k NOK (-73.2% YoY). Calculated

·
Book investments changed

Investment / intangible book value 211.0k NOK → 255 NOK. Reported fact