ABAX GROUP AS: årsregnskap 2018 vs 2017
Grew 174218% on revenue, weaker earnings, fresh owner capital
approved 2019-06-17; registry 2019-08-03; journal 2019 857770
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABAX GROUP AS. Revenue 312 NOK → 543.9k NOK (+174217.6%). Net result -67.56m NOK → -116.21m NOK. Equity 1.43bn NOK → 1.43bn NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABAX GROUP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 312 NOK to 543.9k NOK (+174217.6% YoY). Calculated
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↑
Equity strengthened
Book equity 1.43bn NOK → 1.43bn NOK (equity ratio 71.3% → 69.1%). Calculated
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↑
Cash rose
Bank deposits 53.1k NOK → 118.3k NOK (+122.9% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 1 431 NOK → 1.43bn NOK (+1.43bn NOK). Reported fact
What deteriorated
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↓
Net result weakened
Net result -67.56m NOK → -116.21m NOK (net margin -21654166.7% → -21367.0%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 1 893 NOK → 1.89bn NOK. Reported fact