ABSNET AS: årsregnskap 2016 vs 2015
Slipped into loss
approved 2017-08-16; registry 2017-08-22; journal 2017 875931
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ABSNET AS. Revenue 5.73m NOK → 5.87m NOK (+2.4%). Net result +180.8k NOK → -580.7k NOK. Equity -11.0k NOK → -591.7k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ABSNET AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 5.73m NOK to 5.87m NOK (+2.4% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.91× → 1.82×. Calculated
What deteriorated
-
↓
Fell into a net loss
Net result flipped from 180.8k NOK profit to a loss of 580.7k NOK. Calculated
-
↓
Equity eroded
Book equity -11.0k NOK → -591.7k NOK (equity ratio -1.2% → -71.6%). Calculated
-
↓
Cash fell
Bank deposits 130.8k NOK → 116.6k NOK (-10.9% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -71.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS moved
COGS / varekostnad 1.56m NOK → 2.32m NOK (+49.0% YoY). Calculated