FirmaIQ
Org.nr 963 695 802 2015 → 2016 Year-over-year analysis

ABC SOLUTIONS HOLDING AS: årsregnskap 2016 vs 2015

Shrank 29% on revenue, weaker earnings

approved 2017-05-31; registry 2017-06-13; journal 2017 430959

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ABC SOLUTIONS HOLDING AS. Revenue 2.29m NOK → 1.62m NOK (-29.4%). Net result +255.5k NOK → +146.9k NOK. Equity 2.34m NOK → 1.84m NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABC SOLUTIONS HOLDING AS.

At a glance

Scorecard

Revenue
2.29m NOK 1.62m NOK
-29.4%
Net result
+255.5k NOK +146.9k NOK
-42.5%
Equity
2.34m NOK 1.84m NOK
-21.5%
Cash
616.0k NOK 698.7k NOK
+13.4%
Total assets
2.69m NOK 2.18m NOK
-18.8%

What improved

  • ↑

    Cash rose

    Bank deposits 616.0k NOK → 698.7k NOK (+13.4% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 2.35m NOK → 1.46m NOK (103% → 90% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.29m NOK to 1.62m NOK (-29.4% YoY). Calculated

  • ↓

    Net result weakened

    Net result +255.5k NOK → +146.9k NOK (net margin 11.1% → 9.1%). Calculated

  • ↓

    Equity eroded

    Book equity 2.34m NOK → 1.84m NOK (equity ratio 87.1% → 84.2%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 783.9k NOK → 7 109 NOK (-99.1% YoY). Calculated