Org.nr 993 098 736 2017 → 2018 Year-over-year analysis

ABAX AS: årsregnskap 2018 vs 2017

Cash halved-plus

approved 2019-06-17; registry 2019-07-15; journal 2019 706970

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ABAX AS. Revenue 385.55m NOK → 401.19m NOK (+4.1%). Equity 508.96m NOK → 474.97m NOK.

On the constructive side: revenue rose; current ratio back above 1×. Pressures included: equity eroded; cash fell.

Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for ABAX AS.

At a glance

Revenue

385.55m NOK 401.19m NOK

+4.1%

Equity

508.96m NOK 474.97m NOK

-6.7%

Cash

30.21m NOK 13.77m NOK

-54.4%

Total assets

818.07m NOK 842.47m NOK

+3.0%

↑
Revenue rose

Operating income / revenue moved from 385.55m NOK to 401.19m NOK (+4.1% YoY). Calculated
↑
Current ratio back above 1×

Current ratio 0.00× → 1662.09×. Calculated

↓
Equity eroded

Book equity 508.96m NOK → 474.97m NOK (equity ratio 62.2% → 56.4%). Calculated
↓
Cash fell

Bank deposits 30.21m NOK → 13.77m NOK (-54.4% YoY). Calculated

·
COGS moved

COGS / varekostnad 70.30m NOK → 77.29m NOK (+9.9% YoY). Calculated
·
Book investments changed

Investment / intangible book value 307.72m NOK → 327.22m NOK. Reported fact