ABS INSTALLASJON AS: årsregnskap 2017 vs 2016
Shrank 5% on revenue, returned to profit
approved 2017-12-31; registry 2018-07-24; journal 2018 772199
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABS INSTALLASJON AS. Revenue 1.35m NOK → 1.28m NOK (-5.2%). Net result -290.5k NOK → +243.7k NOK. Equity -227.9k NOK → 15.8k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABS INSTALLASJON AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -290.4k NOK → +243.5k NOK (op. margin -21.6% → 19.1%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 290.5k NOK to a profit of 243.7k NOK. Calculated
-
↑
Equity strengthened
Book equity -227.9k NOK → 15.8k NOK (equity ratio -343.9% → 6.4%). Calculated
-
↑
Cash rose
Bank deposits 45.3k NOK → 85.2k NOK (+88.3% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.23× → 1.07×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.35m NOK to 1.28m NOK (-5.2% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.28m NOK → 3.74m NOK (95% → 293% of revenue). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 221.6k NOK → 161.1k NOK (-27.3% YoY). Calculated