Org.nr 982 078 512 2016 → 2017 Year-over-year analysis

ABSHERON AS: årsregnskap 2017 vs 2016

Weaker earnings, cash halved-plus, fresh owner capital

approved 2018-06-15; registry 2018-07-07; journal 2018 647606

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2017 with 2016 for ABSHERON AS. Revenue 0 NOK → 10.0k NOK. Net result +338.3k NOK → +81.3k NOK. Equity 812.2k NOK → 893.6k NOK.

On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABSHERON AS.

Scorecard

Revenue
0 NOK 10.0k NOK
—
Operating result
-12.6k NOK -4 745 NOK
+62.4%
Net result
+338.3k NOK +81.3k NOK
-76.0%
Equity
812.2k NOK 893.6k NOK
+10.0%
Cash
265.4k NOK 718 NOK
-99.7%
Total assets
2.11m NOK 3.80m NOK
+80.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 0 NOK to 10.0k NOK. Calculated

  • ↑

    Operating result improved

    Operating result -12.6k NOK → -4 745 NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 812.2k NOK → 893.6k NOK (equity ratio 38.5% → 23.5%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 362 NOK → 362.0k NOK (+361.6k NOK). Reported fact

What deteriorated

  • ↓

    Net result weakened

    Net result +338.3k NOK → +81.3k NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 265.4k NOK → 718 NOK (-99.7% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 790.5k NOK → 1.55m NOK. Reported fact