ABYSSINIA RESOURCES DEVELOPMENT AS: årsregnskap 2017 vs 2016
Returned to profit, cash halved-plus
approved 2018-05-29; registry 2018-07-24; journal 2018 768601
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ABYSSINIA RESOURCES DEVELOPMENT AS. Net result -278.9k NOK → +646.7k NOK. Equity 23.95m NOK → 27.10m NOK.
On the constructive side: turned profitable; equity strengthened; owners injected capital. Pressures included: operating result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABYSSINIA RESOURCES DEVELOPMENT AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 278.9k NOK to a profit of 646.7k NOK. Calculated
-
↑
Equity strengthened
Book equity 23.95m NOK → 27.10m NOK (equity ratio 99.9% → 99.9%). Calculated
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↑
Owners injected capital
Paid-in equity rose 23.95m NOK → 26.45m NOK (+2.50m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -264.6k NOK → -437.6k NOK. Calculated
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↓
Cash fell
Bank deposits 843.6k NOK → 340.9k NOK (-59.6% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 23.10m NOK → 25.78m NOK. Reported fact