ABELONE.NO AS: årsregnskap 2016 vs 2015
Shrank 30% on revenue, cash halved-plus
approved 2017-06-30; registry 2017-08-19; journal 2017 871639
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ABELONE.NO AS. Revenue 2.96m NOK → 2.06m NOK (-30.2%). Equity 11.12m NOK → 12 NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABELONE.NO AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.96m NOK to 2.06m NOK (-30.2% YoY). Calculated
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Equity eroded
Book equity 11.12m NOK → 12 NOK (equity ratio 8276.8% → 0.0%). Calculated
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Cash fell
Bank deposits 108.5k NOK → 41.9k NOK (-61.4% YoY). Calculated
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Payroll up without matching revenue
Salary cost 1 NOK → 838.4k NOK (0% → 41% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 948.1k NOK → 510.6k NOK (-46.1% YoY). Calculated