ABYSS ASSETS AS: årsregnskap 2016 vs 2015
Grew 114% on revenue
approved 2017-06-01; registry 2017-06-19; journal 2017 475931
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ABYSS ASSETS AS. Revenue 22.38m NOK → 47.94m NOK (+114.2%). Equity 526.5k NOK → 350.7k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABYSS ASSETS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 22.38m NOK to 47.94m NOK (+114.2% YoY). Calculated
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↑
Cash rose
Bank deposits 461.1k NOK → 561.6k NOK (+21.8% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 526.5k NOK → 350.7k NOK (equity ratio 4.4% → 1.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 9.56m NOK → 9.61m NOK (43% → 20% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 7.65m NOK → 37.13m NOK (+385.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 76.9k NOK → 844 NOK. Reported fact