ABACTUS AS: årsregnskap 2017 vs 2016
Shrank 21% on revenue, cash halved-plus
approved 2018-05-16; registry 2018-06-07; journal 2018 423664
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABACTUS AS. Revenue 3.80m NOK → 2.98m NOK (-21.5%). Equity 23.61m NOK → 27.73m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ABACTUS AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 23.61m NOK → 27.73m NOK (equity ratio 76.9% → 74.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.80m NOK to 2.98m NOK (-21.5% YoY). Calculated
-
↓
Cash fell
Bank deposits 2.15m NOK → 722.4k NOK (-66.4% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.05× → 0.12× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.16m NOK → 1.50m NOK (30% → 50% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.15m NOK → 722.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
COGS fell
COGS / varekostnad 20.17m NOK → 17.27m NOK (-14.4% YoY). Calculated