ABC ELEKTRO TEAM AS: årsregnskap 2016 vs 2015
Shrank 6% on revenue, cash halved-plus
approved 2017-06-30; registry 2017-07-06; journal 2017 610189
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ABC ELEKTRO TEAM AS. Revenue 14.75m NOK → 13.79m NOK (-6.5%). Equity 10.26m NOK → 10 NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABC ELEKTRO TEAM AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 14.75m NOK to 13.79m NOK (-6.5% YoY). Calculated
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Equity eroded
Book equity 10.26m NOK → 10 NOK (equity ratio 151.5% → 0.0%). Calculated
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Cash fell
Bank deposits 695.9k NOK → 128.1k NOK (-81.6% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.25× → 0.97× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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COGS moved
COGS / varekostnad 4.27m NOK → 5.33m NOK (+24.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation