Org.nr 993 098 736 2016 → 2017 Year-over-year analysis

ABAX AS: årsregnskap 2017 vs 2016

Grew 18% on revenue, fresh owner capital

approved 2018-06-29; registry 2018-08-04; journal 2018 859245

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ABAX AS. Revenue 325.43m NOK → 385.55m NOK (+18.5%). Equity 145.79m NOK → 508.96m NOK.

On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: current ratio dropped below 1×.

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

Revenue

325.43m NOK 385.55m NOK

+18.5%

Operating result

+44.54m NOK n/m

—

Equity

145.79m NOK 508.96m NOK

+249.1%

Cash

15.84m NOK 30.21m NOK

+90.7%

Total assets

651.61m NOK 818.07m NOK

+25.5%

↑
Revenue rose

Operating income / revenue moved from 325.43m NOK to 385.55m NOK (+18.5% YoY). Calculated
↑
Equity strengthened

Book equity 145.79m NOK → 508.96m NOK (equity ratio 22.4% → 62.2%). Calculated
↑
Cash rose

Bank deposits 15.84m NOK → 30.21m NOK (+90.7% YoY). Calculated
↑
Owners injected capital

Paid-in equity rose 58.11m NOK → 350.58m NOK (+292.47m NOK). Reported fact

↓
Current ratio dropped below 1×

Current ratio 59161.70× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
Payroll increased

Salary cost 4.12bn NOK → 4.15bn NOK (1267% → 1077% of revenue). Calculated
·
COGS moved

COGS / varekostnad 60.84m NOK → 70.30m NOK (+15.5% YoY). Calculated
·
Book investments changed

Investment / intangible book value 342.25m NOK → 307.72m NOK. Reported fact