ABES TRAFIKKSKOLE AS: årsregnskap 2017 vs 2016
Grew 10% on revenue, slipped into loss
approved 2018-07-16; registry 2018-11-17; journal 2018 933984
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABES TRAFIKKSKOLE AS. Revenue 9.20m NOK → 10.08m NOK (+9.6%). Net result +204.8k NOK → -252.2k NOK. Equity 617.9k NOK → 365.7k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ABES TRAFIKKSKOLE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 9.20m NOK to 10.08m NOK (+9.6% YoY). Calculated
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↑
Cash rose
Bank deposits 4 145 NOK → 747.5k NOK (+17934.2% YoY). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 204.8k NOK profit to a loss of 252.2k NOK. Calculated
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↓
Equity eroded
Book equity 617.9k NOK → 365.7k NOK (equity ratio 15.8% → 9.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 215.9k NOK → 310.1k NOK (+43.6% YoY). Calculated