Org.nr 987 578 939 2015 → 2016 Year-over-year analysis

ABYSSUS MARINE SERVICES AS: årsregnskap 2016 vs 2015

Grew 257% on revenue

approved 2017-10-05; registry 2017-10-12; journal 2017 891583

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2016 with 2015 for ABYSSUS MARINE SERVICES AS. Revenue 1.71m NOK → 6.11m NOK (+256.9%). Net result +179.3k NOK → +186.7k NOK. Equity 821.2k NOK → 729.9k NOK.

On the constructive side: revenue rose; current ratio back above 1×; payroll decreased. Pressures included: equity eroded; cash fell.

Also worth watching: paid-in equity reduced; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABYSSUS MARINE SERVICES AS.

Scorecard

Revenue
1.71m NOK 6.11m NOK
+256.9%
Operating result
n/m +326.2k NOK
—
Net result
+179.3k NOK +186.7k NOK
+4.1%
Equity
821.2k NOK 729.9k NOK
-11.1%
Cash
145.5k NOK 106.6k NOK
-26.7%
Total assets
5.44m NOK 4.82m NOK
-11.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.71m NOK to 6.11m NOK (+256.9% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.63× → 1.66×. Calculated

  • ↑

    Payroll decreased

    Salary cost 4.44m NOK → 3 066 NOK (259% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 821.2k NOK → 729.9k NOK (equity ratio 15.1% → 15.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 145.5k NOK → 106.6k NOK (-26.7% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 100.0k NOK → 43.4k NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 16.2k NOK → 1.62m NOK (+9875.6% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 3.19m NOK → 2.45m NOK. Reported fact