ABSOLUTT SPORTSREISER AS: årsregnskap 2016 vs 2015
Grew 134% on revenue, returned to profit
approved 2017-06-27; registry 2017-06-29; journal 2017 562823
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ABSOLUTT SPORTSREISER AS. Revenue 590 NOK → 1 378 NOK (+133.6%). Net result -12.7k NOK → +26.4k NOK. Equity 9 149 NOK → 35.5k NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABSOLUTT SPORTSREISER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 590 NOK to 1 378 NOK (+133.6% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 12.7k NOK to a profit of 26.4k NOK. Calculated
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↑
Equity strengthened
Book equity 9 149 NOK → 35.5k NOK (equity ratio 7.1% → 4.7%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.65× → 1.05×. Calculated
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↑
Payroll decreased
Salary cost 3.97bn NOK → 2 NOK (672517984% → 0% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 724.4k NOK → 549.7k NOK (-24.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation