ABA PROSJEKT AS: årsregnskap 2018 vs 2017
Weaker earnings
approved 2019-06-30; registry 2019-07-22; journal 2019 759575
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABA PROSJEKT AS. Revenue 595.8k NOK → 573.5k NOK (-3.7%). Net result +287.9k NOK → +206.7k NOK. Equity 987.4k NOK → 46.9k NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ABA PROSJEKT AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 13.2k NOK → 73.2k NOK (+453.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.50× → 1.01×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 595.8k NOK to 573.5k NOK (-3.7% YoY). Calculated
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↓
Operating result weakened
Operating result +379.9k NOK → +261.6k NOK (op. margin 63.8% → 45.6%). Calculated
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↓
Net result weakened
Net result +287.9k NOK → +206.7k NOK (net margin 48.3% → 36.0%). Calculated
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↓
Equity eroded
Book equity 987.4k NOK → 46.9k NOK (equity ratio 17.5% → 0.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 827.7k NOK → 20.0k NOK. Reported fact