ABA ELEKTRO AS: årsregnskap 2018 vs 2017
Shrank 6% on revenue, stronger earnings
approved 2019-05-31; registry 2019-08-07; journal 2019 895228
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABA ELEKTRO AS. Revenue 5.15m NOK → 4.85m NOK (-5.7%). Net result +108.0k NOK → +342.3k NOK. Equity 544.2k NOK → 694.9k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABA ELEKTRO AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +140.3k NOK → +447.0k NOK (op. margin 2.7% → 9.2%). Calculated
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Net result improved
Net result +108.0k NOK → +342.3k NOK (net margin 2.1% → 7.1%). Calculated
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↑
Equity strengthened
Book equity 544.2k NOK → 694.9k NOK (equity ratio 32.8% → 34.1%). Calculated
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Cash rose
Bank deposits 93.4k NOK → 178.5k NOK (+91.2% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.15m NOK to 4.85m NOK (-5.7% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1 NOK → 11.21m NOK (0% → 231% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.96m NOK → 1.89m NOK (-36.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 191.6k NOK → 292.8k NOK. Reported fact