ABYSS GROUP AS: årsregnskap 2016 vs 2015
Grew 798% on revenue, stronger earnings
approved 2017-06-01; registry 2017-06-28; journal 2017 522431
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ABYSS GROUP AS. Revenue 594.8k NOK → 5.34m NOK (+798.0%). Net result +2 014 NOK → +1.54m NOK. Equity 19.12m NOK → 19.16m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABYSS GROUP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 594.8k NOK to 5.34m NOK (+798.0% YoY). Calculated
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↑
Net result improved
Net result +2 014 NOK → +1.54m NOK (net margin 0.3% → 28.8%). Calculated
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↑
Equity strengthened
Book equity 19.12m NOK → 19.16m NOK (equity ratio 85.5% → 82.8%). Calculated
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↑
Cash rose
Bank deposits 286.5k NOK → 300.9k NOK (+5.0% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 7.04× → 0.81× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 2 911 NOK → 3.82m NOK (0% → 71% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 12.1k NOK → 114.8k NOK (+850.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 18.88m NOK → 19.58m NOK. Reported fact