ABELLO AS: årsregnskap 2017 vs 2016
Grew 346% on revenue, weaker earnings, cash halved-plus
approved 2018-06-29; registry 2018-08-04; journal 2018 873876
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABELLO AS. Revenue 674.8k NOK → 3.01m NOK (+346.1%). Net result +283.2k NOK → +5 NOK. Equity -48.6k NOK → -212.8k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABELLO AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 674.8k NOK to 3.01m NOK (+346.1% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +291.3k NOK → +128.6k NOK (op. margin 43.2% → 4.3%). Calculated
-
↓
Net result weakened
Net result +283.2k NOK → +5 NOK (net margin 42.0% → 0.0%). Calculated
-
↓
Equity eroded
Book equity -48.6k NOK → -212.8k NOK (equity ratio -7.1% → -86.2%). Calculated
-
↓
Cash fell
Bank deposits 663.9k NOK → 63.7k NOK (-90.4% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -86.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 1 118 NOK → 1.24m NOK (0% → 41% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 57.9k NOK → 1.42m NOK (+2342.9% YoY). Calculated