ABYSS GROUP AS: årsregnskap 2017 vs 2016
Grew 21% on revenue, weaker earnings
approved 2018-05-07; registry 2018-05-28; journal 2018 361786
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABYSS GROUP AS. Revenue 5.34m NOK → 6.48m NOK (+21.4%). Net result +1.54m NOK → +16.9k NOK. Equity 19.16m NOK → 19.18m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABYSS GROUP AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 5.34m NOK to 6.48m NOK (+21.4% YoY). Calculated
-
↑
Equity strengthened
Book equity 19.16m NOK → 19.18m NOK (equity ratio 82.8% → 91.5%). Calculated
-
↑
Cash rose
Bank deposits 300.9k NOK → 824.2k NOK (+173.9% YoY). Calculated
What deteriorated
-
↓
Net result weakened
Net result +1.54m NOK → +16.9k NOK (net margin 28.8% → 0.3%). Calculated
Things to notice
-
·
Payroll increased
Salary cost 3.82m NOK → 4.90m NOK (71% → 76% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 114.8k NOK → 51.3k NOK (-55.3% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 19.58m NOK → 19.48m NOK. Reported fact