ABC ACCOUNTING AS: årsregnskap 2018 vs 2017
A steady year on the published lines
approved 2019-01-28; registry 2019-02-04; journal 2019 205560
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABC ACCOUNTING AS. Revenue 5.77m NOK → 6.03m NOK (+4.6%). Net result +416.9k NOK → +403.8k NOK. Equity 867.2k NOK → 97.0k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ABC ACCOUNTING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.77m NOK to 6.03m NOK (+4.6% YoY). Calculated
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↑
Operating result improved
Operating result +425.0k NOK → +441.3k NOK (op. margin 7.4% → 7.3%). Calculated
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↑
Cash rose
Bank deposits 897.5k NOK → 970.5k NOK (+8.1% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 867.2k NOK → 97.0k NOK (equity ratio 46.2% → 4.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 4.23m NOK → 4.32m NOK (73% → 72% of revenue). Calculated