ABACUS ØKONOMITJENESTER AS: årsregnskap 2018 vs 2017
Grew 7% on revenue, cash halved-plus
approved 2019-06-27; registry 2019-07-13; journal 2019 687817
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABACUS ØKONOMITJENESTER AS. Revenue 13.10m NOK → 13.96m NOK (+6.6%). Equity 1.44m NOK → 1.36m NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: equity eroded; cash fell.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABACUS ØKONOMITJENESTER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 13.10m NOK to 13.96m NOK (+6.6% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.30× → 1.37×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.44m NOK → 1.36m NOK (equity ratio 31.8% → 27.5%). Calculated
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↓
Cash fell
Bank deposits 810.2k NOK → 221.5k NOK (-72.7% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 9.81m NOK → 10.06m NOK (75% → 72% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 68.8k NOK → 120.4k NOK (+74.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 314.9k NOK → 214.9k NOK. Reported fact