ABANTI AS: årsregnskap 2017 vs 2016
Shrank 72% on revenue, cash halved-plus
approved 2018-05-28; registry 2018-06-09; journal 2018 446318
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABANTI AS. Revenue 1.12m NOK → 316.7k NOK (-71.6%). Equity 70.9k NOK → -482.5k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABANTI AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.12m NOK to 316.7k NOK (-71.6% YoY). Calculated
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↓
Equity eroded
Book equity 70.9k NOK → -482.5k NOK (equity ratio 8.8% → -177.0%). Calculated
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↓
Cash fell
Bank deposits 128.8k NOK → 27.5k NOK (-78.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.10× → 0.39× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 9 143 NOK → 457.6k NOK (1% → 145% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -177.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 205.7k NOK → 125.0k NOK (-39.2% YoY). Calculated