FirmaIQ
Org.nr 962 238 742 2015 → 2016 Year-over-year analysis

ABL GROUP NORWAY AS: årsregnskap 2016 vs 2015

Shrank 48% on revenue, weaker earnings

approved 2017-05-05; registry 2017-07-03; journal 2017 575057

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for ABL GROUP NORWAY AS. Revenue 18.40m NOK → 9.54m NOK (-48.1%). Net result -8 004 NOK → -2.77m NOK. Equity 2.74m NOK → 1.90m NOK.

On the constructive side: owners injected capital; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABL GROUP NORWAY AS.

At a glance

Scorecard

Revenue
18.40m NOK 9.54m NOK
-48.1%
Net result
-8 004 NOK -2.77m NOK
-34520.7%
Equity
2.74m NOK 1.90m NOK
-30.8%
Cash
4 114 NOK n/m
—
Total assets
5.26m NOK 5.65m NOK
+7.5%

What improved

  • ↑

    Owners injected capital

    Paid-in equity rose 1.76m NOK → 1.90m NOK (+137.3k NOK). Reported fact

  • ↑

    Payroll decreased

    Salary cost 11.56m NOK → 8.28m NOK (63% → 87% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 18.40m NOK to 9.54m NOK (-48.1% YoY). Calculated

  • ↓

    Net result weakened

    Net result -8 004 NOK → -2.77m NOK (net margin -0.0% → -29.1%). Calculated

  • ↓

    Equity eroded

    Book equity 2.74m NOK → 1.90m NOK (equity ratio 52.2% → 33.6%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.33× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 4.31m NOK → 758.7k NOK (-82.4% YoY). Calculated