ABC HÅNDVERKEREN FRANKIEWICZ AS: årsregnskap 2017 vs 2016
Shrank 37% on revenue, weaker earnings, cash halved-plus
approved 2018-06-30; registry 2018-08-09; journal 2018 897400
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABC HÅNDVERKEREN FRANKIEWICZ AS. Revenue 4.35m NOK → 2.76m NOK (-36.6%). Net result -53.1k NOK → -113.0k NOK. Equity 67.2k NOK → -45.7k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABC HÅNDVERKEREN FRANKIEWICZ AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.68m NOK → 1.87m NOK (62% → 68% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.35m NOK to 2.76m NOK (-36.6% YoY). Calculated
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↓
Net result weakened
Net result -53.1k NOK → -113.0k NOK (net margin -1.2% → -4.1%). Calculated
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↓
Equity eroded
Book equity 67.2k NOK → -45.7k NOK (equity ratio 25.5% → -15.4%). Calculated
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↓
Cash fell
Bank deposits 832.5k NOK → 235.9k NOK (-71.7% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 320.0k NOK → 696.4k NOK (+117.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -15.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation