ABAX AS: årsregnskap 2016 vs 2015
Grew 40% on revenue, cash halved-plus
approved 2017-04-06; registry 2017-07-01; journal 2017 547698
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ABAX AS. Revenue 232.23m NOK → 325.43m NOK (+40.1%). Equity 124.31m NOK → 145.79m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABAX AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 232.23m NOK to 325.43m NOK (+40.1% YoY). Calculated
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↑
Operating result improved
Operating result +18.16m NOK → +44.54m NOK (op. margin 7.8% → 13.7%). Calculated
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↑
Equity strengthened
Book equity 124.31m NOK → 145.79m NOK (equity ratio 28.3% → 22.4%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 32.69m NOK → 15.84m NOK (-51.5% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 91.26m NOK → 4.12bn NOK (39% → 1267% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 49.31m NOK → 60.84m NOK (+23.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 277.08m NOK → 342.25m NOK. Reported fact