ABSEC AS: årsregnskap 2017 vs 2016
Slipped into loss
approved 2018-02-12; registry 2018-02-19; journal 2018 209654
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABSEC AS. Revenue 389.5k NOK → 398.8k NOK (+2.4%). Net result +20.3k NOK → -53.6k NOK. Equity 50.3k NOK → -3 289 NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ABSEC AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 389.5k NOK to 398.8k NOK (+2.4% YoY). Calculated
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↑
Cash rose
Bank deposits 31.1k NOK → 62.3k NOK (+99.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +27.1k NOK → -53.0k NOK (op. margin 7.0% → -13.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 20.3k NOK profit to a loss of 53.6k NOK. Calculated
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↓
Equity eroded
Book equity 50.3k NOK → -3 289 NOK (equity ratio 58.7% → -1.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.42× → 0.98× — 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 -1.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2 330 NOK → 1.35m NOK (1% → 338% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 326.5k NOK → 22.4k NOK (-93.1% YoY). Calculated