ABC ACCOUNTING AS: årsregnskap 2017 vs 2016
Grew 1446% on revenue, stronger earnings
approved 2018-04-09; registry 2018-05-29; journal 2018 365354
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABC ACCOUNTING AS. Revenue 372.9k NOK → 5.77m NOK (+1446.1%). Net result +25.0k NOK → +416.9k NOK. Equity 924.1k NOK → 867.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABC ACCOUNTING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 372.9k NOK to 5.77m NOK (+1446.1% YoY). Calculated
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↑
Operating result improved
Operating result +20.4k NOK → +425.0k NOK (op. margin 5.5% → 7.4%). Calculated
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Net result improved
Net result +25.0k NOK → +416.9k NOK (net margin 6.7% → 7.2%). Calculated
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Cash rose
Bank deposits 113.0k NOK → 897.5k NOK (+694.3% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.26× → 173.21×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 924.1k NOK → 867.2k NOK (equity ratio 201.0% → 46.2%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.46m NOK → 4.23m NOK (660% → 73% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 414 NOK → 339.4k NOK (+81889.1% YoY). Calculated