ABACUS AS: årsregnskap 2016 vs 2015
Weaker earnings, cash halved-plus
approved 2017-06-28; registry 2017-08-22; journal 2017 874573
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ABACUS AS. Revenue 2.62m NOK → 2.64m NOK (+0.8%). Net result +267.0k NOK → +44.7k NOK. Equity 187.5k NOK → 232.2k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ABACUS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.62m NOK to 2.64m NOK (+0.8% YoY). Calculated
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↑
Equity strengthened
Book equity 187.5k NOK → 232.2k NOK (equity ratio 21.3% → 35.7%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +362.9k NOK → +59.3k NOK (op. margin 13.9% → 2.2%). Calculated
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↓
Net result weakened
Net result +267.0k NOK → +44.7k NOK (net margin 10.2% → 1.7%). Calculated
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↓
Cash fell
Bank deposits 521.9k NOK → 197.3k NOK (-62.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.28× → 0.47× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1.23m NOK → 1.49m NOK (47% → 57% of revenue). Calculated