ABL NORWAY AS: årsregnskap 2017 vs 2016
Shrank 29% on revenue, stronger earnings, cash halved-plus
approved 2018-06-30; registry 2018-08-07; journal 2018 874138
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABL NORWAY AS. Revenue 37.67m NOK → 26.74m NOK (-29.0%). Net result +4 523 NOK → +2.68m NOK. Equity 2.00m NOK → -675.5k NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ABL NORWAY AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +4 523 NOK → +2.68m NOK (net margin 0.0% → 10.0%). Calculated
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Payroll decreased
Salary cost 16.57m NOK → 12.40m NOK (44% → 46% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 37.67m NOK to 26.74m NOK (-29.0% YoY). Calculated
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↓
Operating result weakened
Operating result +561.6k NOK → +499.4k NOK (op. margin 1.5% → 1.9%). Calculated
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↓
Equity eroded
Book equity 2.00m NOK → -675.5k NOK (equity ratio 10.0% → -4.6%). Calculated
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↓
Cash fell
Bank deposits 3.90m NOK → 1.94m NOK (-50.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -4.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 2.00m NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 14.63m NOK → 10.28m NOK (-29.8% YoY). Calculated