ABACUS TAKST AS: årsregnskap 2016 vs 2015
Shrank 34% on revenue, weaker earnings, cash halved-plus
approved 2017-05-31; registry 2017-06-13; journal 2017 431415
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ABACUS TAKST AS. Revenue 633.2k NOK → 415.4k NOK (-34.4%). Net result -107.8k NOK → -303.2k NOK. Equity 89.5k NOK → -213.8k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABACUS TAKST AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 633.2k NOK to 415.4k NOK (-34.4% YoY). Calculated
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↓
Operating result weakened
Operating result -86.8k NOK → -260.2k NOK (op. margin -13.7% → -62.6%). Calculated
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↓
Net result weakened
Net result -107.8k NOK → -303.2k NOK (net margin -17.0% → -73.0%). Calculated
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↓
Equity eroded
Book equity 89.5k NOK → -213.8k NOK (equity ratio 139.1% → -31.1%). Calculated
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↓
Cash fell
Bank deposits 372.1k NOK → 170.7k NOK (-54.1% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -31.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation