ABAKUS NORGE AS: årsregnskap 2018 vs 2017
Grew 23% on revenue, weaker earnings
approved 2019-04-08; registry 2019-05-22; journal 2019 347592
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABAKUS NORGE AS. Revenue 12.9k NOK → 15.9k NOK (+23.1%). Net result +50.3k NOK → +19.3k NOK. Equity -136.1k NOK → -155.3k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABAKUS NORGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 12.9k NOK to 15.9k NOK (+23.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +50.4k NOK → +19.4k NOK (op. margin 390.7% → 122.1%). Calculated
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↓
Net result weakened
Net result +50.3k NOK → +19.3k NOK (net margin 389.6% → 121.2%). Calculated
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↓
Equity eroded
Book equity -136.1k NOK → -155.3k NOK (equity ratio -146.0% → -200.0%). Calculated
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↓
Cash fell
Bank deposits 23.6k NOK → 13.3k NOK (-43.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -200.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 21.7k NOK → 2 100 NOK (-90.3% YoY). Calculated