AIBEL AS: årsregnskap 2016 vs 2015
Grew 55% on revenue, cash halved-plus
approved 2017-02-22; registry 2017-06-28; journal 2017 555716
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AIBEL AS. Revenue 6.79bn NOK → 10.53bn NOK (+55.1%). Equity 620.63m NOK → 782.8k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for AIBEL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.79bn NOK to 10.53bn NOK (+55.1% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 620.63m NOK → 782.8k NOK (equity ratio 15.8% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 212.64m NOK → 568.9k NOK (-99.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (212.64m NOK → 568.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 620.63m NOK → 782.8k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 3.43bn NOK → 4.40bn NOK (50% → 42% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.67bn NOK → 4.88bn NOK (+192.7% YoY). Calculated