ABU 9 AS: årsregnskap 2016 vs 2015
Stronger earnings
approved 2017-05-30; registry 2017-06-12; journal 2017 429379
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ABU 9 AS. Revenue 453.9k NOK → 453.9k NOK (0.0%). Net result -410.3k NOK → -31.4k NOK. Equity 11.9k NOK → -19.6k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×; payroll up without matching revenue.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABU 9 AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -410.1k NOK → -31.4k NOK (op. margin -90.3% → -6.9%). Calculated
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↑
Net result improved
Net result -410.3k NOK → -31.4k NOK (net margin -90.4% → -6.9%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 11.9k NOK → -19.6k NOK (equity ratio 52.9% → -93.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.13× → 0.52× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 6 NOK → 44.0k NOK (0% → 10% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -93.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation