ABACUS RATIO AS: årsregnskap 2018 vs 2017
Shrank 22% on revenue, cash halved-plus
approved 2019-05-27; registry 2019-06-15; journal 2019 435378
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABACUS RATIO AS. Revenue 34.20m NOK → 26.81m NOK (-21.6%). Equity 4.20m NOK → 3.02m NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ABACUS RATIO AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 34.20m NOK to 26.81m NOK (-21.6% YoY). Calculated
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Equity eroded
Book equity 4.20m NOK → 3.02m NOK (equity ratio 36.2% → 100.0%). Calculated
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Cash fell
Bank deposits 4.85m NOK → 4 849 NOK (-99.9% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.16× → 0.67× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 5 NOK → 9.05m NOK (0% → 34% of revenue). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (4.85m NOK → 4 849 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 11.75m NOK → 5.42m NOK (-53.8% YoY). Calculated