Org.nr 916 519 842 2017 → 2018 Year-over-year analysis

ABBAS GRUPPEN AS: årsregnskap 2018 vs 2017

Shrank 7% on revenue

approved 2019-07-28; registry 2019-08-03; journal 2019 855989

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ABBAS GRUPPEN AS. Revenue 3.00m NOK → 2.79m NOK (-6.7%). Equity -45.1k NOK → -218.8k NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABBAS GRUPPEN AS.

At a glance

Revenue

3.00m NOK 2.79m NOK

-6.7%

Equity

-45.1k NOK -218.8k NOK

-385.2%

Cash

310.5k NOK 291.2k NOK

-6.2%

Total assets

872.4k NOK 755.4k NOK

-13.4%

↓
Revenue fell

Operating income / revenue moved from 3.00m NOK to 2.79m NOK (-6.7% YoY). Calculated
↓
Equity eroded

Book equity -45.1k NOK → -218.8k NOK (equity ratio -5.2% → -29.0%). Calculated
↓
Cash fell

Bank deposits 310.5k NOK → 291.2k NOK (-6.2% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 1.02m NOK → 2.99m NOK (34% → 107% of revenue). Calculated

·
Thin equity buffer

Equity ratio is -29.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 911.9k NOK → 900.3k NOK (-1.3% YoY). Calculated