ABSALONSEN TRANSPORT AS: årsregnskap 2016 vs 2015
Shrank 77% on revenue, slipped into loss
approved 2017-06-29; registry 2017-07-18; journal 2017 726832
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ABSALONSEN TRANSPORT AS. Revenue 749.3k NOK → 170.9k NOK (-77.2%). Net result +72.0k NOK → -150.8k NOK. Equity -507.0k NOK → -657.8k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABSALONSEN TRANSPORT AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 3.12m NOK → 36.7k NOK (417% → 22% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 749.3k NOK to 170.9k NOK (-77.2% YoY). Calculated
-
↓
Operating result weakened
Operating result +111.8k NOK → -93.8k NOK (op. margin 14.9% → -54.9%). Calculated
-
↓
Fell into a net loss
Net result flipped from 72.0k NOK profit to a loss of 150.8k NOK. Calculated
-
↓
Equity eroded
Book equity -507.0k NOK → -657.8k NOK (equity ratio -194.9% → -461.7%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -461.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation