FirmaIQ
Org.nr 915 108 598 2016 → 2017 Year-over-year analysis

ABLY MEDICAL AS: årsregnskap 2017 vs 2016

Shrank 82% on revenue, cash halved-plus, fresh owner capital

approved 2018-06-30; registry 2018-07-16; journal 2018 688622

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ABLY MEDICAL AS. Revenue 2.29m NOK → 410.9k NOK (-82.1%). Equity 1.99m NOK → -1.85m NOK.

On the constructive side: owners injected capital. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABLY MEDICAL AS.

At a glance

Scorecard

Revenue
2.29m NOK 410.9k NOK
-82.1%
Equity
1.99m NOK -1.85m NOK
-192.9%
Cash
702.2k NOK 277.2k NOK
-60.5%
Total assets
2.66m NOK 2.79m NOK
+4.8%

What improved

  • ↑

    Owners injected capital

    Paid-in equity rose 2.02m NOK → 6.34m NOK (+4.32m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.29m NOK to 410.9k NOK (-82.1% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 1.99m NOK → -1.85m NOK (equity ratio 74.9% → -66.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 702.2k NOK → 277.2k NOK (-60.5% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -66.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 671.8k NOK → 650.2k NOK (-3.2% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 14 NOK → 28.5k NOK. Reported fact