Org.nr 897 047 292 2016 → 2017 Year-over-year analysis

ABC ART BUSINESS COLLECTION AS: årsregnskap 2017 vs 2016

Grew 21% on revenue

approved 2018-05-25; registry 2018-07-28; journal 2018 815036

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ABC ART BUSINESS COLLECTION AS. Revenue 2.82m NOK → 3.42m NOK (+21.1%). Equity 848.7k NOK → 561.6k NOK.

On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABC ART BUSINESS COLLECTION AS.

At a glance

Revenue

2.82m NOK 3.42m NOK

+21.1%

Operating result

+634.1k NOK +994.4k NOK

+56.8%

Equity

848.7k NOK 561.6k NOK

-33.8%

Cash

5 807 NOK 14.0k NOK

+141.1%

Total assets

1.93m NOK 2.40m NOK

+24.5%

↑
Revenue rose

Operating income / revenue moved from 2.82m NOK to 3.42m NOK (+21.1% YoY). Calculated
↑
Operating result improved

Operating result +634.1k NOK → +994.4k NOK (op. margin 22.5% → 29.1%). Calculated
↑
Cash rose

Bank deposits 5 807 NOK → 14.0k NOK (+141.1% YoY). Calculated

↓
Equity eroded

Book equity 848.7k NOK → 561.6k NOK (equity ratio 44.0% → 23.4%). Calculated

·
Payroll increased

Salary cost 10.8k NOK → 3.12m NOK (0% → 91% of revenue). Calculated
·
COGS moved

COGS / varekostnad 1.91m NOK → 2.15m NOK (+12.6% YoY). Calculated