ABACUS PLM SOLUTIONS AS: årsregnskap 2018 vs 2017
Shrank 51% on revenue, slipped into loss, cash halved-plus
approved 2019-06-30; registry 2019-08-01; journal 2019 886780
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABACUS PLM SOLUTIONS AS. Revenue 2.55m NOK → 1.26m NOK (-50.6%). Net result +382.9k NOK → -364.3k NOK. Equity 333.6k NOK → -36.7k NOK.
Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABACUS PLM SOLUTIONS AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.55m NOK to 1.26m NOK (-50.6% YoY). Calculated
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Fell into a net loss
Net result flipped from 382.9k NOK profit to a loss of 364.3k NOK. Calculated
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Equity eroded
Book equity 333.6k NOK → -36.7k NOK (equity ratio 42.6% → -11.9%). Calculated
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Cash fell
Bank deposits 395.1k NOK → 75.5k NOK (-80.9% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.75× → 0.89× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -11.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation