ABRACADABRAMAT AS: årsregnskap 2017 vs 2016
Grew 17% on revenue, stronger earnings
approved 2018-03-12; registry 2018-07-28; journal 2018 808490
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABRACADABRAMAT AS. Revenue 1.88m NOK → 2.21m NOK (+17.3%). Net result +55.8k NOK → +147.5k NOK. Equity 206.7k NOK → 100.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABRACADABRAMAT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.88m NOK to 2.21m NOK (+17.3% YoY). Calculated
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Operating result improved
Operating result +60.6k NOK → +193.7k NOK (op. margin 3.2% → 8.8%). Calculated
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Net result improved
Net result +55.8k NOK → +147.5k NOK (net margin 3.0% → 6.7%). Calculated
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Cash rose
Bank deposits 94.9k NOK → 446.5k NOK (+370.4% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 206.7k NOK → 100.0k NOK (equity ratio 40.1% → 11.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.21× → 0.92× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 106.3k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 742.3k NOK → 820.2k NOK (39% → 37% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 671.5k NOK → 737.1k NOK (+9.8% YoY). Calculated