ABACUS REVISJON AS: årsregnskap 2018 vs 2017
Shrank 12% on revenue, cash halved-plus
approved 2019-03-14; registry 2019-06-05; journal 2019 379006
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABACUS REVISJON AS. Revenue 3.97m NOK → 3.49m NOK (-11.9%). Equity 14.95m NOK → 14 NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABACUS REVISJON AS.
At a glance
Scorecard
Revenue
3.97m NOK
3.49m NOK
-11.9%
Equity
14.95m NOK
14 NOK
-100.0%
Cash
887.2k NOK
27.0k NOK
-97.0%
Total assets
3.08m NOK
2.98m NOK
-3.0%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.97m NOK to 3.49m NOK (-11.9% YoY). Calculated
-
↓
Equity eroded
Book equity 14.95m NOK → 14 NOK (equity ratio 486.0% → 0.0%). Calculated
-
↓
Cash fell
Bank deposits 887.2k NOK → 27.0k NOK (-97.0% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation