ABB HOLDING AS: årsregnskap 2017 vs 2016
Shrank 100% on revenue, weaker earnings, cash halved-plus
approved 2018-03-16; registry 2018-05-23; journal 2018 334953
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABB HOLDING AS. Revenue 9.06bn NOK → 15.5k NOK (-100.0%). Net result +305.71m NOK → +358.0k NOK. Equity 576.6k NOK → 644.7k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ABB HOLDING AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 576.6k NOK → 644.7k NOK (equity ratio 0.0% → 0.0%). Calculated
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↑
Payroll decreased
Salary cost 47.67m NOK → 43.65m NOK (1% → 280815% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.06bn NOK to 15.5k NOK (-100.0% YoY). Calculated
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↓
Net result weakened
Net result +305.71m NOK → +358.0k NOK (net margin 3.4% → 2303.6%). Calculated
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↓
Cash fell
Bank deposits 48.39m NOK → 12.83m NOK (-73.5% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (48.39m NOK → 12.83m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 409.0k NOK → 100.0k NOK. Reported fact