ABATICO AS: årsregnskap 2017 vs 2016
Shrank 88% on revenue, weaker earnings, fresh owner capital
approved 2018-07-24; registry 2018-08-20; journal 2018 916198
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABATICO AS. Revenue 195.6k NOK → 23.8k NOK (-87.9%). Net result +136.6k NOK → +3 481 NOK. Equity 324.1k NOK → 332.0k NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ABATICO AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 324.1k NOK → 332.0k NOK (equity ratio 62454.9% → 0.1%). Calculated
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↑
Cash rose
Bank deposits 111 NOK → 57.1k NOK (+51351.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.69× → 25.58×. Calculated
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↑
Owners injected capital
Paid-in equity rose 103.1k NOK → 328.5k NOK (+225.4k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 195.6k NOK to 23.8k NOK (-87.9% YoY). Calculated
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↓
Operating result weakened
Operating result +182.4k NOK → +4 538 NOK (op. margin 93.3% → 19.1%). Calculated
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↓
Net result weakened
Net result +136.6k NOK → +3 481 NOK (net margin 69.8% → 14.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 408.0k NOK → 408 NOK. Reported fact