ABC TURBUSSER AS: årsregnskap 2017 vs 2016
Grew 116% on revenue, cash halved-plus
approved 2018-02-19; registry 2018-03-15; journal 2018 233246
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABC TURBUSSER AS. Revenue 2.12m NOK → 4.58m NOK (+115.9%). Equity 29.2k NOK → 7.79m NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABC TURBUSSER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.12m NOK to 4.58m NOK (+115.9% YoY). Calculated
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↑
Equity strengthened
Book equity 29.2k NOK → 7.79m NOK (equity ratio 1.5% → 256.8%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.11× → 1.45×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 945.9k NOK → 274.4k NOK (-71.0% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 675.5k NOK → 2.14m NOK (32% → 47% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 119.1k NOK → 277.9k NOK (+133.2% YoY). Calculated