ABC ELEKTRO TEAM AS: årsregnskap 2018 vs 2017
Grew 19% on revenue
approved 2019-06-24; registry 2019-07-03; journal 2019 585655
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABC ELEKTRO TEAM AS. Revenue 14.04m NOK → 16.70m NOK (+19.0%). Equity 10.21m NOK → 10 NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABC ELEKTRO TEAM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 14.04m NOK to 16.70m NOK (+19.0% YoY). Calculated
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↑
Cash rose
Bank deposits 175.5k NOK → 747.4k NOK (+325.9% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.99× → 1.26×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 10.21m NOK → 10 NOK (equity ratio 201.9% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 4.22m NOK → 5.67m NOK (+34.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 120.0k NOK → 96.0k NOK. Reported fact