ABUNDANTIA AS: årsregnskap 2017 vs 2016
Grew 6% on revenue, weaker earnings
approved 2018-05-31; registry 2018-07-30; journal 2018 826198
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABUNDANTIA AS. Revenue 861.1k NOK → 916.7k NOK (+6.5%). Net result +642.3k NOK → +68.1k NOK. Equity 425.3k NOK → 493.4k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened; current ratio dropped below 1×.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ABUNDANTIA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 861.1k NOK to 916.7k NOK (+6.5% YoY). Calculated
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↑
Equity strengthened
Book equity 425.3k NOK → 493.4k NOK (equity ratio 50.8% → 504.7%). Calculated
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↑
Cash rose
Bank deposits 639.5k NOK → 891.7k NOK (+39.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +721.7k NOK → +87.4k NOK (op. margin 83.8% → 9.5%). Calculated
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↓
Net result weakened
Net result +642.3k NOK → +68.1k NOK (net margin 74.6% → 7.4%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.03× → 0.16× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 23.9k NOK → 1.74m NOK (3% → 190% of revenue). Calculated