ABA TRANSPORT AS: årsregnskap 2018 vs 2017
Grew 13% on revenue, weaker earnings
approved 2019-06-30; registry 2019-08-01; journal 2019 841644
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABA TRANSPORT AS. Revenue 10.70m NOK → 12.10m NOK (+13.1%). Net result +139.33m NOK → +1 011 NOK. Equity 445.8k NOK → 456.9k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABA TRANSPORT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 10.70m NOK to 12.10m NOK (+13.1% YoY). Calculated
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↑
Equity strengthened
Book equity 445.8k NOK → 456.9k NOK (equity ratio 6.8% → 5.5%). Calculated
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↑
Cash rose
Bank deposits 190.6k NOK → 213.2k NOK (+11.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +689.1k NOK → +531.0k NOK (op. margin 6.4% → 4.4%). Calculated
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↓
Net result weakened
Net result +139.33m NOK → +1 011 NOK (net margin 1301.8% → 0.0%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1.30m NOK → 1.55m NOK (12% → 13% of revenue). Calculated
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COGS moved
COGS / varekostnad 5.95m NOK → 6.91m NOK (+16.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 17.7k NOK → 644.1k NOK. Reported fact