Org.nr 992 169 028 2015 → 2016 Year-over-year analysis

ABELON TECHNOLOGY AS: årsregnskap 2016 vs 2015

Grew 21% on revenue

approved 2017-05-15; registry 2017-07-08; journal 2017 626102

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ABELON TECHNOLOGY AS. Revenue 2.96m NOK → 3.59m NOK (+20.9%). Equity 388.7k NOK → 180.9k NOK.

On the constructive side: revenue rose; cash rose. Pressures included: equity eroded.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABELON TECHNOLOGY AS.

At a glance

Revenue

2.96m NOK 3.59m NOK

+20.9%

Operating result

+468.4k NOK n/m

—

Net result

n/m +1.67m NOK

—

Equity

388.7k NOK 180.9k NOK

-53.5%

Cash

48.9k NOK 114.2k NOK

+133.2%

Total assets

2.23m NOK 3.69m NOK

+65.5%

↑
Revenue rose

Operating income / revenue moved from 2.96m NOK to 3.59m NOK (+20.9% YoY). Calculated
↑
Cash rose

Bank deposits 48.9k NOK → 114.2k NOK (+133.2% YoY). Calculated

↓
Equity eroded

Book equity 388.7k NOK → 180.9k NOK (equity ratio 17.4% → 4.9%). Calculated

·
Thin equity buffer

Equity ratio is 4.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 1.17m NOK → 259.7k NOK (-77.7% YoY). Calculated