ABILIA AS: årsregnskap 2017 vs 2016
Shrank 24% on revenue, weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABILIA AS. Revenue 85.78m NOK → 65.52m NOK (-23.6%). Net result +21.57m NOK → +57.8k NOK. Equity 8.97m NOK → 13.47m NOK.
On the constructive side: equity strengthened; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABILIA AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 8.97m NOK → 13.47m NOK (equity ratio 29.2% → 47.2%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.85× → 1.39×. Calculated
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Payroll decreased
Salary cost 16.86m NOK → 14.69m NOK (20% → 22% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 85.78m NOK to 65.52m NOK (-23.6% YoY). Calculated
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↓
Operating result weakened
Operating result +32.16m NOK → +16.87m NOK (op. margin 37.5% → 25.7%). Calculated
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↓
Net result weakened
Net result +21.57m NOK → +57.8k NOK (net margin 25.1% → 0.1%). Calculated
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↓
Cash fell
Bank deposits 793.4k NOK → 161.6k NOK (-79.6% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 526.38m NOK → 14 NOK (-100.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 53.7k NOK → 2.14m NOK. Reported fact