FirmaIQ
Org.nr 998 085 497 2016 → 2017 Year-over-year analysis

ABBVIE AS: årsregnskap 2017 vs 2016

Shrank 8% on revenue, cash halved-plus

approved 2018-06-20; registry 2018-08-02; journal 2018 853905

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ABBVIE AS. Revenue 516.07m NOK → 472.96m NOK (-8.4%). Equity 47.18m NOK → 44.48m NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ABBVIE AS.

At a glance

Scorecard

Revenue
516.07m NOK 472.96m NOK
-8.4%
Equity
47.18m NOK 44.48m NOK
-5.7%
Cash
51.36m NOK 51.4k NOK
-99.9%
Total assets
142.00m NOK 151.66m NOK
+6.8%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 516.07m NOK to 472.96m NOK (-8.4% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 47.18m NOK → 44.48m NOK (equity ratio 33.2% → 29.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 51.36m NOK → 51.4k NOK (-99.9% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 12 NOK → 96.20m NOK (0% → 20% of revenue). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (51.36m NOK → 51.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 335.33m NOK → 301.14m NOK (-10.2% YoY). Calculated