ABBA HOLDING AS: årsregnskap 2017 vs 2016
A steady year on the published lines
approved 2018-06-22; registry 2018-06-26; journal 2018 568422
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABBA HOLDING AS. Revenue 0 NOK → 0 NOK (0.0%). Net result +2 736 NOK → +5 120 NOK. Equity 22.8k NOK → 17.7k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABBA HOLDING AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +2 750 NOK → +5 137 NOK. Calculated
-
↑
Net result improved
Net result +2 736 NOK → +5 120 NOK. Calculated
-
↑
Cash rose
Bank deposits 30.0k NOK → 32.4k NOK (+7.9% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 22.8k NOK → 17.7k NOK (equity ratio 75.9% → 1.2%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 4.16× → -11.78× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 1.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation