ABC HÅNDVERKEREN FRANKIEWICZ AS: årsregnskap 2016 vs 2015
Grew 88% on revenue, slipped into loss
approved 2017-06-29; registry 2017-07-05; journal 2017 597233
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ABC HÅNDVERKEREN FRANKIEWICZ AS. Revenue 2.31m NOK → 4.35m NOK (+88.3%). Net result +60.1k NOK → -53.1k NOK. Equity 8.12m NOK → 67.2k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: fell into a net loss; equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ABC HÅNDVERKEREN FRANKIEWICZ AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 2.31m NOK to 4.35m NOK (+88.3% YoY). Calculated
-
↑
Cash rose
Bank deposits 244.2k NOK → 832.5k NOK (+240.9% YoY). Calculated
What deteriorated
-
↓
Fell into a net loss
Net result flipped from 60.1k NOK profit to a loss of 53.1k NOK. Calculated
-
↓
Equity eroded
Book equity 8.12m NOK → 67.2k NOK (equity ratio 2182.9% → 25.5%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2559.88× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Payroll increased
Salary cost 1.27m NOK → 2.68m NOK (55% → 62% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 683.9k NOK → 320.0k NOK (-53.2% YoY). Calculated