ABS INSTALLASJON AS: årsregnskap 2016 vs 2015
Shrank 29% on revenue, slipped into loss, cash halved-plus
approved 2017-04-11; registry 2017-04-24; journal 2017 289295
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ABS INSTALLASJON AS. Revenue 1.89m NOK → 1.35m NOK (-28.6%). Net result +1 402 NOK → -290.5k NOK. Equity 62.6k NOK → -227.9k 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; cogs fell. All figures are taken from the published annual accounts for ABS INSTALLASJON AS.
At a glance
Scorecard
What improved
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Owners injected capital
Paid-in equity rose 23.0k NOK → 30.0k NOK (+6 985 NOK). Reported fact
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Payroll decreased
Salary cost 1.36m NOK → 1.28m NOK (72% → 95% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.89m NOK to 1.35m NOK (-28.6% YoY). Calculated
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↓
Operating result weakened
Operating result +2 575 NOK → -290.4k NOK (op. margin 0.1% → -21.6%). Calculated
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Fell into a net loss
Net result flipped from 1 402 NOK profit to a loss of 290.5k NOK. Calculated
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↓
Equity eroded
Book equity 62.6k NOK → -227.9k NOK (equity ratio 13.3% → -343.9%). Calculated
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↓
Cash fell
Bank deposits 153.3k NOK → 45.3k NOK (-70.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -343.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 360.7k NOK → 221.6k NOK (-38.5% YoY). Calculated