ABRAXAS AS: årsregnskap 2017 vs 2016
Cash halved-plus
approved 2018-08-07; registry 2018-08-20; journal 2018 915172
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABRAXAS AS. Equity 7.66m NOK → 5.56m NOK.
Pressures included: operating result weakened; equity eroded; cash fell.
Net tougher year on the published lines.
At a glance
Scorecard
Operating result
+328.6k NOK
+29.3k NOK
-91.1%
Equity
7.66m NOK
5.56m NOK
-27.5%
Cash
428.8k NOK
53.6k NOK
-87.5%
Total assets
8.66m NOK
7.04m NOK
-18.7%
What deteriorated
-
↓
Operating result weakened
Operating result +328.6k NOK → +29.3k NOK. Calculated
-
↓
Equity eroded
Book equity 7.66m NOK → 5.56m NOK (equity ratio 88.4% → 78.9%). Calculated
-
↓
Cash fell
Bank deposits 428.8k NOK → 53.6k NOK (-87.5% YoY). Calculated