ABILITY INVESTMENT & VENTURE AS: årsregnskap 2016 vs 2015
Returned to profit, cash halved-plus
approved 2017-06-30; registry 2017-08-07; journal 2017 845100
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ABILITY INVESTMENT & VENTURE AS. Net result -3.01m NOK → +6.79m NOK. Equity 2.58m NOK → 9.37m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ABILITY INVESTMENT & VENTURE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -1.01m NOK → -569.9k NOK. Calculated
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↑
Turned profitable
Net result flipped from a loss of 3.01m NOK to a profit of 6.79m NOK. Calculated
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↑
Equity strengthened
Book equity 2.58m NOK → 9.37m NOK (equity ratio 21.4% → 98.9%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 4.69m NOK → 222.8k NOK (-95.2% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (4.69m NOK → 222.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 462.0k NOK → 6.46m NOK. Reported fact