Org.nr 954 634 388 2017 → 2018 Year-over-year analysis

ABA-TECH AS: årsregnskap 2018 vs 2017

Shrank 29% on revenue, cash halved-plus

approved 2019-06-30; registry 2019-08-05; journal 2019 867092

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ABA-TECH AS. Revenue 7.84m NOK → 5.61m NOK (-28.5%). Equity 771.4k NOK → -848.5k NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABA-TECH AS.

At a glance

Revenue

7.84m NOK 5.61m NOK

-28.5%

Equity

771.4k NOK -848.5k NOK

-210.0%

Cash

635.4k NOK 228.4k NOK

-64.1%

Total assets

4.49m NOK 1.87m NOK

-58.4%

↓
Revenue fell

Operating income / revenue moved from 7.84m NOK to 5.61m NOK (-28.5% YoY). Calculated
↓
Equity eroded

Book equity 771.4k NOK → -848.5k NOK (equity ratio 17.2% → -45.5%). Calculated
↓
Cash fell

Bank deposits 635.4k NOK → 228.4k NOK (-64.1% YoY). Calculated

·
Thin equity buffer

Equity ratio is -45.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 4.24m NOK → 2.47m NOK (-41.6% YoY). Calculated