ABSTREKER AS: årsregnskap 2017 vs 2016
Grew 219% on revenue, cash halved-plus
approved 2018-05-14; registry 2018-05-26; journal 2018 359254
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABSTREKER AS. Revenue 95.0k NOK → 303.1k NOK (+219.0%). Equity -565.0k NOK → -606.0k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABSTREKER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 95.0k NOK to 303.1k NOK (+219.0% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity -565.0k NOK → -606.0k NOK (equity ratio -1347.6% → -10735.9%). Calculated
-
↓
Cash fell
Bank deposits 29.4k NOK → 1 745 NOK (-94.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -10735.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 294.5k NOK → 156.1k NOK (-47.0% YoY). Calculated