Org.nr 963 695 802 2016 → 2017 Year-over-year analysis

ABC SOLUTIONS HOLDING AS: årsregnskap 2017 vs 2016

Grew 88% on revenue, cash halved-plus

approved 2018-05-15; registry 2018-05-28; journal 2018 363352

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ABC SOLUTIONS HOLDING AS. Revenue 1.62m NOK → 3.04m NOK (+87.8%). Equity 1.84m NOK → 2.56m NOK.

On the constructive side: revenue rose; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.

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

At a glance

Revenue

1.62m NOK 3.04m NOK

+87.8%

Net result

+146.9k NOK n/m

—

Equity

1.84m NOK 2.56m NOK

+39.4%

Cash

698.7k NOK 214.5k NOK

-69.3%

Total assets

2.18m NOK 3.34m NOK

+53.2%

↑
Revenue rose

Operating income / revenue moved from 1.62m NOK to 3.04m NOK (+87.8% YoY). Calculated
↑
Equity strengthened

Book equity 1.84m NOK → 2.56m NOK (equity ratio 84.2% → 76.7%). Calculated

↓
Cash fell

Bank deposits 698.7k NOK → 214.5k NOK (-69.3% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 4.05× → 0.27× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
Payroll increased

Salary cost 1.46m NOK → 1.79m NOK (90% → 59% of revenue). Calculated
·
COGS moved

COGS / varekostnad 7 109 NOK → 16.0k NOK (+125.1% YoY). Calculated