ABC FORUM AS: årsregnskap 2018 vs 2017
Shrank 22% on revenue, cash halved-plus
approved 2019-03-25; registry 2019-04-23; journal 2019 303482
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABC FORUM AS. Revenue 946.9k NOK → 739.4k NOK (-21.9%). Equity 3.38m NOK → 3.38m NOK.
Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ABC FORUM AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 946.9k NOK to 739.4k NOK (-21.9% YoY). Calculated
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Cash fell
Bank deposits 1.49m NOK → 382.5k NOK (-74.3% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 2.56× → 0.71× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 298.9k NOK → 307.3k NOK (32% → 42% of revenue). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.49m NOK → 382.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 2.31m NOK → 3.54m NOK. Reported fact