Org.nr 994 014 161 2017 → 2018 Year-over-year analysis

ABACUS NORGE AS: årsregnskap 2018 vs 2017

Another loss-making year

approved 2019-03-12; registry 2019-03-20; journal 2019 244856

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ABACUS NORGE AS. Revenue 3.15m NOK → 3.22m NOK (+2.1%). Equity 106.1k NOK → 105.4k NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; cash fell; current ratio dropped below 1×.

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

At a glance

Revenue

3.15m NOK 3.22m NOK

+2.1%

Operating result

+542.0k NOK +4 904 NOK

-99.1%

Net result

n/m -671 NOK

—

Equity

106.1k NOK 105.4k NOK

-0.6%

Cash

1.35m NOK 1.05m NOK

-22.1%

Total assets

1.41m NOK 2.24m NOK

+59.3%

↑
Revenue rose

Operating income / revenue moved from 3.15m NOK to 3.22m NOK (+2.1% YoY). Calculated

↓
Operating result weakened

Operating result +542.0k NOK → +4 904 NOK (op. margin 17.2% → 0.2%). Calculated
↓
Cash fell

Bank deposits 1.35m NOK → 1.05m NOK (-22.1% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.08× → 0.66× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
Thin equity buffer

Equity ratio is 4.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 2.01m NOK → 1.86m NOK (-7.3% YoY). Calculated