ABX FRITID AS: årsregnskap 2016 vs 2015
Grew 1684% on revenue, weaker earnings
approved 2017-05-03; registry 2017-08-05; journal 2017 831698
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ABX FRITID AS. Revenue 4 581 NOK → 81.7k NOK (+1683.6%). Net result -3 692 NOK → -43.4k NOK. Equity 22.4k NOK → -21.0k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: net result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABX FRITID AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4 581 NOK to 81.7k NOK (+1683.6% YoY). Calculated
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↑
Cash rose
Bank deposits 396 NOK → 627.4k NOK (+158333.3% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result -3 692 NOK → -43.4k NOK (net margin -80.6% → -53.1%). Calculated
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↓
Equity eroded
Book equity 22.4k NOK → -21.0k NOK (equity ratio 70.3% → -35.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.36× → 0.88× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -35.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation