FirmaIQ
Org.nr 929 378 024 2016 → 2017 Year-over-year analysis

ABSALONSEN TRANSPORT AS: årsregnskap 2017 vs 2016

Grew 45% on revenue, returned to profit

approved 2018-07-12; registry 2018-07-31; journal 2018 831467

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ABSALONSEN TRANSPORT AS. Revenue 170.9k NOK → 247.6k NOK (+44.9%). Net result -150.8k NOK → +92.8k NOK. Equity -657.8k NOK → -565.0k NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABSALONSEN TRANSPORT AS.

At a glance

Scorecard

Revenue
170.9k NOK 247.6k NOK
+44.9%
Operating result
-93.8k NOK +154.6k NOK
+264.8%
Net result
-150.8k NOK +92.8k NOK
+161.6%
Equity
-657.8k NOK -565.0k NOK
+14.1%
Cash
1 771 NOK 1 748 NOK
-1.3%
Total assets
142.5k NOK 42.2k NOK
-70.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 170.9k NOK to 247.6k NOK (+44.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -93.8k NOK → +154.6k NOK (op. margin -54.9% → 62.4%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 150.8k NOK to a profit of 92.8k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity -657.8k NOK → -565.0k NOK (equity ratio -461.7% → -1337.6%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -1337.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation