ABIDE AS: årsregnskap 2017 vs 2016
Grew 21% on revenue, stronger earnings
approved 2018-04-12; registry 2018-04-19; journal 2018 271922
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABIDE AS. Revenue 112.1k NOK → 135.1k NOK (+20.5%). Net result +87.7k NOK → +519.7k NOK. Equity 5.85m NOK → 71.8k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABIDE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 112.1k NOK to 135.1k NOK (+20.5% YoY). Calculated
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↑
Net result improved
Net result +87.7k NOK → +519.7k NOK (net margin 78.3% → 384.7%). Calculated
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↑
Cash rose
Bank deposits 1.61m NOK → 5.08m NOK (+215.9% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 5.85m NOK → 71.8k NOK (equity ratio 99.8% → 1.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation