FirmaIQ
Org.nr 987 097 876 2016 → 2017 Year-over-year analysis

ABYSS AS: årsregnskap 2017 vs 2016

Grew 12% on revenue, weaker earnings

approved 2018-05-07; registry 2018-05-28; journal 2018 361772

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ABYSS AS. Revenue 119.54m NOK → 134.37m NOK (+12.4%). Net result +7.39m NOK → +3.21m NOK. Equity 10.24m NOK → 15.79m NOK.

On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: net result weakened; cash fell.

Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABYSS AS.

At a glance

Scorecard

Revenue
119.54m NOK 134.37m NOK
+12.4%
Net result
+7.39m NOK +3.21m NOK
-56.5%
Equity
10.24m NOK 15.79m NOK
+54.1%
Cash
3.31m NOK 2.31m NOK
-30.1%
Total assets
51.30m NOK 165.89m NOK
+223.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 119.54m NOK to 134.37m NOK (+12.4% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 10.24m NOK → 15.79m NOK (equity ratio 20.0% → 9.5%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 600.0k NOK → 660.0k NOK (+60.0k NOK). Reported fact

What deteriorated

  • ↓

    Net result weakened

    Net result +7.39m NOK → +3.21m NOK (net margin 6.2% → 2.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 3.31m NOK → 2.31m NOK (-30.1% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 9.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 32.09m NOK → 35.58m NOK (+10.9% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 9.98m NOK → 3.29m NOK. Reported fact