ABYSS ASSETS AS: årsregnskap 2017 vs 2016
Shrank 11% on revenue, returned to profit
approved 2018-05-07; registry 2018-05-28; journal 2018 361810
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABYSS ASSETS AS. Revenue 47.94m NOK → 42.81m NOK (-10.7%). Net result -5.46m NOK → +767.6k NOK. Equity 350.7k NOK → 252.4k NOK.
On the constructive side: turned profitable; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABYSS ASSETS AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 5.46m NOK to a profit of 767.6k NOK. Calculated
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↑
Payroll decreased
Salary cost 9.61m NOK → 8.02m NOK (20% → 19% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 47.94m NOK to 42.81m NOK (-10.7% YoY). Calculated
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↓
Equity eroded
Book equity 350.7k NOK → 252.4k NOK (equity ratio 1.8% → 2.4%). Calculated
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↓
Cash fell
Bank deposits 561.6k NOK → 500.6k NOK (-10.9% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 37.13m NOK → 23.90m NOK (-35.6% YoY). Calculated