ABACUS TAKST AS: årsregnskap 2018 vs 2017
Shrank 32% on revenue, stronger earnings, cash halved-plus
approved 2019-06-17; registry 2019-06-29; journal 2019 566922
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABACUS TAKST AS. Revenue 912.0k NOK → 620.1k NOK (-32.0%). Net result +82.4k NOK → +204.2k NOK. Equity -131.3k NOK → -335.5k NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABACUS TAKST AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +82.4k NOK → +204.2k NOK (net margin 9.0% → 32.9%). Calculated
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Payroll decreased
Salary cost 247.4k NOK → 120.9k NOK (27% → 19% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 912.0k NOK to 620.1k NOK (-32.0% YoY). Calculated
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Operating result weakened
Operating result +123.6k NOK → +120.4k NOK (op. margin 13.6% → 19.4%). Calculated
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Equity eroded
Book equity -131.3k NOK → -335.5k NOK (equity ratio -18.3% → -82.0%). Calculated
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Cash fell
Bank deposits 246.7k NOK → 28.6k NOK (-88.4% YoY). Calculated
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COGS moved
COGS / varekostnad 74.0k NOK → 156.3k NOK (+111.3% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -82.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation