Org.nr 998 204 267 2015 → 2016 Year-over-year analysis

ABAX TECHNOLOGY AS: årsregnskap 2016 vs 2015

Grew 665% on revenue

approved 2017-03-09; registry 2017-06-21; journal 2017 500899

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ABAX TECHNOLOGY AS. Revenue 526.5k NOK → 4.03m NOK (+665.3%). Equity 191.0k NOK → 263.8k NOK.

On the constructive side: revenue rose; equity strengthened; cash rose.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABAX TECHNOLOGY AS.

At a glance

Revenue

526.5k NOK 4.03m NOK

+665.3%

Operating result

+2 014 NOK n/m

—

Equity

191.0k NOK 263.8k NOK

+38.1%

Cash

73.0k NOK 108.9k NOK

+49.3%

Total assets

4.98m NOK 7.56m NOK

+51.8%

↑
Revenue rose

Operating income / revenue moved from 526.5k NOK to 4.03m NOK (+665.3% YoY). Calculated
↑
Equity strengthened

Book equity 191.0k NOK → 263.8k NOK (equity ratio 3.8% → 3.5%). Calculated
↑
Cash rose

Bank deposits 73.0k NOK → 108.9k NOK (+49.3% YoY). Calculated
↑
Current ratio back above 1×

Current ratio 0.12× → 4.41×. Calculated

·
Thin equity buffer

Equity ratio is 3.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation