ABL BYGG AS: årsregnskap 2017 vs 2016
Grew 85% on revenue, weaker earnings
approved 2018-05-15; registry 2018-05-28; journal 2018 365108
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABL BYGG AS. Revenue 739.4k NOK → 1.37m NOK (+84.6%). Net result -1 058 NOK → -75.6k NOK. Equity -26.3k NOK → -101.9k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ABL BYGG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 739.4k NOK to 1.37m NOK (+84.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +19.0k NOK → -82.0k NOK (op. margin 2.6% → -6.0%). Calculated
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↓
Net result weakened
Net result -1 058 NOK → -75.6k NOK (net margin -0.1% → -5.5%). Calculated
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↓
Equity eroded
Book equity -26.3k NOK → -101.9k NOK (equity ratio -14.9% → -30.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -30.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.06m NOK → 1.07m NOK (143% → 79% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 366.7k NOK → 97.3k NOK (-73.5% YoY). Calculated