ABACUS IT AS: årsregnskap 2018 vs 2017
Grew 73% on revenue
approved 2019-05-23; registry 2019-06-15; journal 2019 435374
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABACUS IT AS. Revenue 34.16m NOK → 59.00m NOK (+72.7%). Equity 4.48m NOK → 7.46m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABACUS IT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 34.16m NOK to 59.00m NOK (+72.7% YoY). Calculated
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↑
Equity strengthened
Book equity 4.48m NOK → 7.46m NOK (equity ratio 28.9% → 22.8%). Calculated
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↑
Cash rose
Bank deposits 130.0k NOK → 4.37m NOK (+3262.3% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.24× → 0.91× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 22.92m NOK → 33.49m NOK (67% → 57% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 5.65m NOK → 14.24m NOK (+152.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 59.0k NOK → 3.58m NOK. Reported fact