FirmaIQ
Org.nr 994 576 313 2015 → 2016 Year-over-year analysis

ABC BIOSCIENCE AS: årsregnskap 2016 vs 2015

Shrank 65% on revenue

approved 2017-06-30; registry 2017-08-19; journal 2017 869879

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ABC BIOSCIENCE AS. Revenue 2.08m NOK → 721.5k NOK (-65.3%). Equity -2.34m NOK → -4.60m NOK.

On the constructive side: operating result improved; cash rose; current ratio back above 1×. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABC BIOSCIENCE AS.

At a glance

Scorecard

Revenue
2.08m NOK 721.5k NOK
-65.3%
Operating result
-2.35m NOK -2.27m NOK
+3.5%
Net result
n/m -2.26m NOK
—
Equity
-2.34m NOK -4.60m NOK
-96.7%
Cash
493.5k NOK 596.1k NOK
+20.8%
Total assets
1.92m NOK 911.3k NOK
-52.6%

What improved

  • ↑

    Operating result improved

    Operating result -2.35m NOK → -2.27m NOK (op. margin -112.8% → -314.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 493.5k NOK → 596.1k NOK (+20.8% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.45× → 164.83×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.08m NOK to 721.5k NOK (-65.3% YoY). Calculated

  • ↓

    Equity eroded

    Book equity -2.34m NOK → -4.60m NOK (equity ratio -121.5% → -504.6%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.66m NOK → 4.76m NOK (80% → 660% of revenue). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -504.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation