Org.nr 971 597 275 2017 → 2018 Year-over-year analysis

ABACOM AS: årsregnskap 2018 vs 2017

Shrank 26% on revenue, cash halved-plus

approved 2019-06-28; registry 2019-08-10; journal 2019 912020

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ABACOM AS. Revenue 4.77m NOK → 3.52m NOK (-26.4%). Equity 497.7k NOK → 834.4k NOK.

On the constructive side: operating result improved; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABACOM AS.

At a glance

Revenue

4.77m NOK 3.52m NOK

-26.4%

Operating result

-279.9k NOK +339.4k NOK

+221.2%

Net result

+264.5k NOK n/m

—

Equity

497.7k NOK 834.4k NOK

+67.6%

Cash

223.4k NOK 92.2k NOK

-58.8%

Total assets

1.25m NOK 2.14m NOK

+71.7%

↑
Operating result improved

Operating result -279.9k NOK → +339.4k NOK (op. margin -5.9% → 9.7%). Calculated
↑
Equity strengthened

Book equity 497.7k NOK → 834.4k NOK (equity ratio 39.9% → 38.9%). Calculated
↑
Current ratio back above 1×

Current ratio 0.30× → 1551.54×. Calculated
↑
Payroll decreased

Salary cost 1.48m NOK → 426.4k NOK (31% → 12% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 4.77m NOK to 3.52m NOK (-26.4% YoY). Calculated
↓
Cash fell

Bank deposits 223.4k NOK → 92.2k NOK (-58.8% YoY). Calculated