ABC-KLINIKKEN AS: årsregnskap 2018 vs 2017
Shrank 12% on revenue, slipped into loss
approved 2019-05-30; registry 2019-07-02; journal 2019 591433
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABC-KLINIKKEN AS. Revenue 2.85m NOK → 2.52m NOK (-11.6%). Net result +71.8k NOK → -99.8k NOK. Equity -26.8k NOK → -126.6k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABC-KLINIKKEN AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 116.2k NOK → 127.7k NOK (+9.8% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.85m NOK to 2.52m NOK (-11.6% YoY). Calculated
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↓
Operating result weakened
Operating result +102.8k NOK → -123.5k NOK (op. margin 3.6% → -4.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 71.8k NOK profit to a loss of 99.8k NOK. Calculated
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↓
Equity eroded
Book equity -26.8k NOK → -126.6k NOK (equity ratio -6.9% → -35.6%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.08m NOK → 1.36m NOK (38% → 54% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -35.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 357.1k NOK → 334.8k NOK (-6.2% YoY). Calculated