ABS FREDRIKSTAD AS: årsregnskap 2017 vs 2016
Grew 13% on revenue
approved 2018-04-17; registry 2018-04-24; journal 2018 281650
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABS FREDRIKSTAD AS. Revenue 1.21m NOK → 1.37m NOK (+13.3%). Equity 11.23m NOK → 11 NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for ABS FREDRIKSTAD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.21m NOK to 1.37m NOK (+13.3% YoY). Calculated
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↑
Operating result improved
Operating result -32.4k NOK → +878 NOK (op. margin -2.7% → 0.1%). Calculated
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↑
Cash rose
Bank deposits 107.9k NOK → 238.0k NOK (+120.5% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 11.23m NOK → 11 NOK (equity ratio 3104.3% → 0.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.75× → 0.67× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 16.2k NOK → 946 NOK (-94.1% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 1 → 2.5. Reported fact