ABRA FINANCE AS: årsregnskap 2017 vs 2016
Shrank 28% on revenue, slipped into loss, fresh owner capital
approved 2018-06-27; registry 2018-07-31; journal 2018 826208
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABRA FINANCE AS. Revenue 646.6k NOK → 466.5k NOK (-27.8%). Net result +3 877 NOK → -124.2k NOK. Equity 57.1k NOK → -67.1k NOK.
On the constructive side: owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABRA FINANCE AS.
At a glance
Scorecard
What improved
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Owners injected capital
Paid-in equity rose 86.9k NOK → 1.09m NOK (+1.00m NOK). Reported fact
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Payroll decreased
Salary cost 367.3k NOK → 339.8k NOK (57% → 73% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 646.6k NOK to 466.5k NOK (-27.8% YoY). Calculated
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Operating result weakened
Operating result -40.0k NOK → -122.5k NOK (op. margin -6.2% → -26.3%). Calculated
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Fell into a net loss
Net result flipped from 3 877 NOK profit to a loss of 124.2k NOK. Calculated
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Equity eroded
Book equity 57.1k NOK → -67.1k NOK (equity ratio 18.3% → -22.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -22.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation