ABUNDANCE AS: årsregnskap 2016 vs 2015
Cash halved-plus
approved 2017-05-26; registry 2017-08-02; journal 2017 801970
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ABUNDANCE AS. Equity 2.12m NOK → 1.68m NOK.
Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABUNDANCE AS.
At a glance
Scorecard
Net result
n/m
-11.6k NOK
—
Equity
2.12m NOK
1.68m NOK
-20.7%
Cash
333.6k NOK
21.8k NOK
-93.5%
Total assets
2.38m NOK
2.02m NOK
-15.1%
What deteriorated
-
↓
Equity eroded
Book equity 2.12m NOK → 1.68m NOK (equity ratio 89.2% → 83.3%). Calculated
-
↓
Cash fell
Bank deposits 333.6k NOK → 21.8k NOK (-93.5% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.30× → 0.06× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 2.03m NOK → 2 380 NOK. Reported fact