AB-INVEST AS: årsregnskap 2018 vs 2017
Cash halved-plus
approved 2019-06-18; registry 2019-07-03; journal 2019 589249
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AB-INVEST AS. Revenue 1.71m NOK → 1.76m NOK (+3.0%). Net result +901.9k NOK → +900.8k NOK. Equity 44.51m NOK → 39.41m NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs fell. All figures are taken from the published annual accounts for AB-INVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.71m NOK to 1.76m NOK (+3.0% YoY). Calculated
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↑
Operating result improved
Operating result +1 943 NOK → +972.4k NOK (op. margin 0.1% → 55.3%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 44.51m NOK → 39.41m NOK (equity ratio 84.2% → 73.4%). Calculated
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↓
Cash fell
Bank deposits 2.55m NOK → 1.02m NOK (-60.0% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.55m NOK → 1.02m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 20.56m NOK → 21.32m NOK (1204% → 1212% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 46.17m NOK → 44.62m NOK (-3.4% YoY). Calculated