ABLE AS: årsregnskap 2017 vs 2016
Grew 56% on revenue, stronger earnings
approved 2018-05-14; registry 2018-06-18; journal 2018 493177
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABLE AS. Revenue 7.04m NOK → 10.96m NOK (+55.7%). Net result +639.4k NOK → +3.52m NOK. Equity 570.7k NOK → 87.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for ABLE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.04m NOK to 10.96m NOK (+55.7% YoY). Calculated
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↑
Operating result improved
Operating result +441.7k NOK → +4.64m NOK (op. margin 6.3% → 42.3%). Calculated
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↑
Net result improved
Net result +639.4k NOK → +3.52m NOK (net margin 9.1% → 32.1%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 570.7k NOK → 87.3k NOK (equity ratio 14.6% → 1.5%). Calculated
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↓
Cash fell
Bank deposits 951.7k NOK → 878.5k NOK (-7.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2.44m NOK → 3.72m NOK (35% → 34% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 10.0k NOK → 15.0k NOK. Reported fact