ABRA BESLAG AS: årsregnskap 2016 vs 2015
Grew 23% on revenue, weaker earnings, fresh owner capital
approved 2017-04-30; registry 2017-12-18; journal 2017 897383
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ABRA BESLAG AS. Revenue 8.40m NOK → 10.32m NOK (+23.0%). Net result +280.2k NOK → +155.9k NOK. Equity 775.3k NOK → 423.2k NOK.
On the constructive side: revenue rose; cash rose; owners injected capital. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ABRA BESLAG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.40m NOK to 10.32m NOK (+23.0% YoY). Calculated
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↑
Cash rose
Bank deposits 482.3k NOK → 954.8k NOK (+98.0% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 1.15m NOK → 1.64m NOK (+492.0k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +459.2k NOK → +365.0k NOK (op. margin 5.5% → 3.5%). Calculated
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↓
Net result weakened
Net result +280.2k NOK → +155.9k NOK (net margin 3.3% → 1.5%). Calculated
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↓
Equity eroded
Book equity 775.3k NOK → 423.2k NOK (equity ratio 18.3% → 8.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2.39m NOK → 4.40m NOK (28% → 43% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 4.33m NOK → 4.18m NOK (-3.4% YoY). Calculated