ABYSS SHIP MANAGEMENT AS: årsregnskap 2017 vs 2016
Grew 104% on revenue, weaker earnings
approved 2018-05-07; registry 2018-05-28; journal 2018 361792
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABYSS SHIP MANAGEMENT AS. Revenue 9.91m NOK → 20.22m NOK (+104.0%). Net result +746.9k NOK → +158.4k NOK. Equity 391.2k NOK → 549.5k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ABYSS SHIP MANAGEMENT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 9.91m NOK to 20.22m NOK (+104.0% YoY). Calculated
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↑
Equity strengthened
Book equity 391.2k NOK → 549.5k NOK (equity ratio 76.0% → 11.0%). Calculated
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↑
Cash rose
Bank deposits 133.1k NOK → 1.48m NOK (+1014.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +995.1k NOK → +207.8k NOK (op. margin 10.0% → 1.0%). Calculated
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↓
Net result weakened
Net result +746.9k NOK → +158.4k NOK (net margin 7.5% → 0.8%). Calculated
Things to notice
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·
Payroll increased
Salary cost 8.57m NOK → 19.01m NOK (86% → 94% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 131.0k NOK → 89.0k NOK (-32.0% YoY). Calculated