ABSOR AS: årsregnskap 2017 vs 2016
Shrank 47% on revenue, slipped into loss
approved 2018-04-20; registry 2018-07-19; journal 2018 741095
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABSOR AS. Revenue 1.65m NOK → 878.3k NOK (-46.9%). Net result +51.3k NOK → -252.7k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABSOR AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 5 995 NOK → 7 292 NOK (+21.6% YoY). Calculated
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↑
Payroll decreased
Salary cost 345.7k NOK → 280.6k NOK (21% → 32% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.65m NOK to 878.3k NOK (-46.9% YoY). Calculated
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↓
Operating result weakened
Operating result +87.2k NOK → -211.1k NOK (op. margin 5.3% → -24.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 51.3k NOK profit to a loss of 252.7k NOK. Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.34× → 0.79× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 826.6k NOK → 477.5k NOK (-42.2% YoY). Calculated