ABSOLUT EIENDOM AS: årsregnskap 2017 vs 2016
Shrank 29% on revenue, slipped into loss, cash halved-plus
approved 2018-04-19; registry 2018-06-28; journal 2018 589484
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABSOLUT EIENDOM AS. Revenue 325.6k NOK → 230.0k NOK (-29.4%). Net result +71.8k NOK → -269.6k NOK. Equity 3.78m NOK → 1.71m NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABSOLUT EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.12× → 5.39×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 325.6k NOK to 230.0k NOK (-29.4% YoY). Calculated
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↓
Operating result weakened
Operating result -190.1k NOK → -643.9k NOK (op. margin -58.4% → -279.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 71.8k NOK profit to a loss of 269.6k NOK. Calculated
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↓
Equity eroded
Book equity 3.78m NOK → 1.71m NOK (equity ratio 62.2% → 96.1%). Calculated
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↓
Cash fell
Bank deposits 79.4k NOK → 16.9k NOK (-78.7% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 5.70m NOK → 1.34m NOK. Reported fact