ABAX TECHNOLOGY AS: årsregnskap 2017 vs 2016
Grew 23% on revenue, cash halved-plus
approved 2018-06-28; registry 2018-07-14; journal 2018 684302
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABAX TECHNOLOGY AS. Revenue 4.03m NOK → 4.94m NOK (+22.7%). Equity 263.8k NOK → 353.9k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ABAX TECHNOLOGY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.03m NOK to 4.94m NOK (+22.7% YoY). Calculated
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↑
Equity strengthened
Book equity 263.8k NOK → 353.9k NOK (equity ratio 3.5% → 1.1%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 108.9k NOK → 3 896 NOK (-96.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 4.41× → 0.41× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 290 NOK → 153.1k NOK (+52695.5% YoY). Calculated