ABLECON AS: årsregnskap 2017 vs 2016
Shrank 20% on revenue, slipped into loss
approved 2018-06-26; registry 2018-07-04; journal 2018 617655
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABLECON AS. Revenue 4.73m NOK → 3.79m NOK (-20.0%). Net result +851.5k NOK → -187.7k NOK. Equity 848.8k NOK → 1.66m NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; fell into a net loss; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABLECON AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 848.8k NOK → 1.66m NOK (equity ratio 16.6% → 18.9%). Calculated
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↑
Cash rose
Bank deposits 413.7k NOK → 1.92m NOK (+364.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.66× → 4.95×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.73m NOK to 3.79m NOK (-20.0% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 851.5k NOK profit to a loss of 187.7k NOK. Calculated
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↓
Payroll up without matching revenue
Salary cost 1.24m NOK → 1.36m NOK (26% → 36% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 932.0k NOK → 307.8k NOK (-67.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 48.6k NOK → 129.3k NOK. Reported fact