ABSOLUTE AS: årsregnskap 2017 vs 2016
Stronger earnings, cash halved-plus
approved 2018-06-27; registry 2018-07-02; journal 2018 609209
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABSOLUTE AS. Net result +3 209 NOK → +101.0k NOK. Equity 963.0k NOK → 64.0k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABSOLUTE AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -7 150 NOK → +828 NOK. Calculated
-
↑
Net result improved
Net result +3 209 NOK → +101.0k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 963.0k NOK → 64.0k NOK (equity ratio 86.3% → 5.3%). Calculated
-
↓
Cash fell
Bank deposits 22.7k NOK → 2 859 NOK (-87.4% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 5.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation