A2BUS AS: årsregnskap 2018 vs 2017
Grew 2061% on revenue, slipped into loss, cash halved-plus
approved 2019-06-14; registry 2019-07-16; journal 2019 729117
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A2BUS AS. Revenue 69.2k NOK → 1.50m NOK (+2060.7%). Net result +32.3k NOK → -3 909 NOK. Equity 3.11m NOK → -93.8k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A2BUS AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 69.2k NOK to 1.50m NOK (+2060.7% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +51.1k NOK → -163.6k NOK (op. margin 73.8% → -10.9%). Calculated
-
↓
Fell into a net loss
Net result flipped from 32.3k NOK profit to a loss of 3 909 NOK. Calculated
-
↓
Equity eroded
Book equity 3.11m NOK → -93.8k NOK (equity ratio 644.8% → -32.1%). Calculated
-
↓
Cash fell
Bank deposits 272.6k NOK → 86.4k NOK (-68.3% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.27× → 0.76× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -32.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 22.6k NOK → 4.56m NOK (33% → 305% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 56.1k NOK → 91.1k NOK (+62.4% YoY). Calculated