FirmaIQ
Org.nr 992 169 028 2016 → 2017 Year-over-year analysis

ABELON TECHNOLOGY AS: årsregnskap 2017 vs 2016

Shrank 19% on revenue, weaker earnings

approved 2018-06-14; registry 2018-07-04; journal 2018 611633

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ABELON TECHNOLOGY AS. Revenue 3.59m NOK → 2.90m NOK (-19.1%). Net result +1.67m NOK → +703.5k NOK. Equity 180.9k NOK → 100.0k NOK.

On the constructive side: cash rose. Pressures included: revenue fell; net result weakened; equity eroded.

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

At a glance

Scorecard

Revenue
3.59m NOK 2.90m NOK
-19.1%
Net result
+1.67m NOK +703.5k NOK
-57.8%
Equity
180.9k NOK 100.0k NOK
-44.7%
Cash
114.2k NOK 142.1k NOK
+24.4%
Total assets
3.69m NOK 4.90m NOK
+32.7%

What improved

  • ↑

    Cash rose

    Bank deposits 114.2k NOK → 142.1k NOK (+24.4% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.59m NOK to 2.90m NOK (-19.1% YoY). Calculated

  • ↓

    Net result weakened

    Net result +1.67m NOK → +703.5k NOK (net margin 46.4% → 24.2%). Calculated

  • ↓

    Equity eroded

    Book equity 180.9k NOK → 100.0k NOK (equity ratio 4.9% → 2.0%). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 259.7k NOK → 479.4k NOK (+84.6% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 2.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation