FirmaIQ
Org.nr 976 052 560 2016 → 2017 Year-over-year analysis

ABICON ELEKTRO AS: årsregnskap 2017 vs 2016

Grew 35% on revenue, cash halved-plus

approved 2018-05-28; registry 2018-07-25; journal 2018 778754

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ABICON ELEKTRO AS. Revenue 101.21m NOK → 136.54m NOK (+34.9%). Equity 26.24m NOK → 23.59m NOK.

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

Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABICON ELEKTRO AS.

At a glance

Scorecard

Revenue
101.21m NOK 136.54m NOK
+34.9%
Operating result
+2 015 NOK -3.54m NOK
-175752.1%
Equity
26.24m NOK 23.59m NOK
-10.1%
Cash
11.20m NOK 4.22m NOK
-62.3%
Total assets
56.39m NOK 60.61m NOK
+7.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 101.21m NOK to 136.54m NOK (+34.9% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +2 015 NOK → -3.54m NOK (op. margin 0.0% → -2.6%). Calculated

  • ↓

    Equity eroded

    Book equity 26.24m NOK → 23.59m NOK (equity ratio 46.5% → 38.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 11.20m NOK → 4.22m NOK (-62.3% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (11.20m NOK → 4.22m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 39.89m NOK → 71.76m NOK (+79.9% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 1.28m NOK → 1.41m NOK. Reported fact