Org.nr 962 225 217 2016 → 2017 Year-over-year analysis

ABLE PRODUCTS AS: årsregnskap 2017 vs 2016

Weaker earnings

approved 2018-04-13; registry 2018-04-28; journal 2018 288379

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ABLE PRODUCTS AS. Net result +292.1k NOK → +131.3k NOK. Equity 17.74m NOK → 16.67m NOK.

On the constructive side: operating result improved; cash rose. Pressures included: net result weakened; equity eroded.

Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ABLE PRODUCTS AS.

At a glance

Revenue

0 NOK n/m

—

Operating result

-388.2k NOK +15.2k NOK

+103.9%

Net result

+292.1k NOK +131.3k NOK

-55.1%

Equity

17.74m NOK 16.67m NOK

-6.0%

Cash

941.9k NOK 1.21m NOK

+28.0%

Total assets

17.76m NOK 16.70m NOK

-6.0%

↑
Operating result improved

Operating result -388.2k NOK → +15.2k NOK. Calculated
↑
Cash rose

Bank deposits 941.9k NOK → 1.21m NOK (+28.0% YoY). Calculated

↓
Net result weakened

Net result +292.1k NOK → +131.3k NOK. Calculated
↓
Equity eroded

Book equity 17.74m NOK → 16.67m NOK (equity ratio 99.9% → 99.8%). Calculated

·
Paid-in equity reduced

Paid-in equity fell 4.45m NOK → 1.30m NOK — check capital reduction, conversion, or reclassification. Interpretation
·
Book investments changed

Investment / intangible book value 15.75m NOK → 3 NOK. Reported fact