ABILDSØ ELEKTRISKE AS: årsregnskap 2017 vs 2016
Grew 9% on revenue, weaker earnings, cash halved-plus
approved 2018-06-29; registry 2018-07-19; journal 2018 723795
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABILDSØ ELEKTRISKE AS. Revenue 25.81m NOK → 28.05m NOK (+8.7%). Net result +1.60m NOK → +862.7k NOK. Equity 1.15m NOK → 2.01m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; book investments changed. All figures are taken from the published annual accounts for ABILDSØ ELEKTRISKE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 25.81m NOK to 28.05m NOK (+8.7% YoY). Calculated
-
↑
Equity strengthened
Book equity 1.15m NOK → 2.01m NOK (equity ratio 10.2% → 20.6%). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +2.14m NOK → +1.13m NOK (op. margin 8.3% → 4.0%). Calculated
-
↓
Net result weakened
Net result +1.60m NOK → +862.7k NOK (net margin 6.2% → 3.1%). Calculated
-
↓
Cash fell
Bank deposits 7.60m NOK → 2.58m NOK (-66.1% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (7.60m NOK → 2.58m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Payroll increased
Salary cost 11.23m NOK → 11.85m NOK (44% → 42% of revenue). Calculated
-
·
Book investments changed
Investment / intangible book value 11.6k NOK → 347.6k NOK. Reported fact