ABC DAGLIGVARER AS: årsregnskap 2018 vs 2017
Grew 12% on revenue
approved 2019-05-15; registry 2019-06-29; journal 2019 557920
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABC DAGLIGVARER AS. Revenue 20.34m NOK → 22.78m NOK (+12.0%). Net result -398.0k NOK → -343.7k NOK. Equity 304.3k NOK → -39.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABC DAGLIGVARER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 20.34m NOK to 22.78m NOK (+12.0% YoY). Calculated
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↑
Operating result improved
Operating result -489.3k NOK → -385.9k NOK (op. margin -2.4% → -1.7%). Calculated
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↑
Net result improved
Net result -398.0k NOK → -343.7k NOK (net margin -2.0% → -1.5%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 304.3k NOK → -39.4k NOK (equity ratio 14.6% → -1.9%). Calculated
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↓
Cash fell
Bank deposits 330.7k NOK → 221.9k NOK (-32.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.09× → 0.87× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2.60m NOK → 2.76m NOK (13% → 12% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 15.72m NOK → 17.61m NOK (+12.0% YoY). Calculated