Org.nr 991 326 804 2016 → 2017 Year-over-year analysis

ABLEMAGIC AS: årsregnskap 2017 vs 2016

Shrank 17% on revenue, returned to profit

approved 2018-06-30; registry 2018-07-19; journal 2018 723857

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ABLEMAGIC AS. Revenue 5.32m NOK → 4.43m NOK (-16.7%). Net result -23.0k NOK → +28.7k NOK.

On the constructive side: turned profitable. Pressures included: revenue fell; cash fell; payroll up without matching revenue.

Net tougher year on the published lines.

At a glance

Revenue

5.32m NOK 4.43m NOK

-16.7%

Operating result

n/m +34.7k NOK

—

Net result

-23.0k NOK +28.7k NOK

+224.9%

Equity

n/m 1.31m NOK

—

Cash

552.4k NOK 506.8k NOK

-8.3%

Total assets

2.11m NOK 2.06m NOK

-2.0%

↑
Turned profitable

Net result flipped from a loss of 23.0k NOK to a profit of 28.7k NOK. Calculated

↓
Revenue fell

Operating income / revenue moved from 5.32m NOK to 4.43m NOK (-16.7% YoY). Calculated
↓
Cash fell

Bank deposits 552.4k NOK → 506.8k NOK (-8.3% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 1 NOK → 3.77m NOK (0% → 85% of revenue). Calculated
↓
COGS moved

COGS / varekostnad 45.3k NOK → 190.6k NOK (+320.7% YoY). Calculated