ABAX GROUP AS: årsregnskap 2017 vs 2016
Shrank 100% on revenue
approved 2018-06-29; registry 2018-08-15; journal 2018 911085
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABAX GROUP AS. Revenue 295.0k NOK → 312 NOK (-99.9%). Equity 0 NOK → 1.43bn NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ABAX GROUP AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 0 NOK → 1.43bn NOK. Calculated
-
↑
Cash rose
Bank deposits 0 NOK → 53.1k NOK (None YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.00× → 2205.53×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 295.0k NOK to 312 NOK (-99.9% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 825.9k NOK → 1 431 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 724.2k NOK → 1 893 NOK. Reported fact