ABCHUS AS: årsregnskap 2017 vs 2016
Grew 87084% on revenue, slipped into loss, cash halved-plus
approved 2018-06-28; registry 2018-07-26; journal 2018 790909
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABCHUS AS. Revenue 568.2k NOK → 495.41m NOK (+87084.0%). Net result +33.08m NOK → -783.0k NOK. Equity 58.67m NOK → 42.09m NOK.
On the constructive side: revenue rose; current ratio back above 1×; owners injected capital. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ABCHUS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 568.2k NOK to 495.41m NOK (+87084.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 1.58×. Calculated
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↑
Owners injected capital
Paid-in equity rose 20.99m NOK → 23.49m NOK (+2.50m NOK). Reported fact
What deteriorated
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↓
Fell into a net loss
Net result flipped from 33.08m NOK profit to a loss of 783.0k NOK. Calculated
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↓
Equity eroded
Book equity 58.67m NOK → 42.09m NOK (equity ratio 34839.3% → 36.3%). Calculated
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↓
Cash fell
Bank deposits 60.51m NOK → 13.82m NOK (-77.2% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (60.51m NOK → 13.82m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 25.0k NOK → 6 000 NOK. Reported fact