ABELCO AS: årsregnskap 2016 vs 2015
Shrank 18% on revenue, stronger earnings
approved 2017-05-24; registry 2017-06-07; journal 2017 396499
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ABELCO AS. Revenue 359.9k NOK → 295.0k NOK (-18.0%). Net result -86.3k NOK → -24.4k NOK. Equity 1.25m NOK → 1.23m NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -56.3k NOK → +22.0k NOK (op. margin -15.6% → 7.5%). Calculated
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↑
Net result improved
Net result -86.3k NOK → -24.4k NOK (net margin -24.0% → -8.3%). Calculated
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↑
Cash rose
Bank deposits 13.7k NOK → 43.7k NOK (+218.0% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 359.9k NOK to 295.0k NOK (-18.0% YoY). Calculated
-
↓
Equity eroded
Book equity 1.25m NOK → 1.23m NOK (equity ratio 46.3% → 47.2%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.44× → 0.62× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated