ABC TURBUSSER AS: årsregnskap 2018 vs 2017
Shrank 16% on revenue, weaker earnings
approved 2019-05-16; registry 2019-06-11; journal 2019 402044
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABC TURBUSSER AS. Revenue 4.58m NOK → 3.84m NOK (-16.2%). Net result +758.7k NOK → +581.4k NOK. Equity 7.79m NOK → 1.37m NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABC TURBUSSER AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 274.4k NOK → 2.48m NOK (+803.2% YoY). Calculated
-
↑
Payroll decreased
Salary cost 2.14m NOK → 1.55m NOK (47% → 40% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 4.58m NOK to 3.84m NOK (-16.2% YoY). Calculated
-
↓
Net result weakened
Net result +758.7k NOK → +581.4k NOK (net margin 16.6% → 15.1%). Calculated
-
↓
Equity eroded
Book equity 7.79m NOK → 1.37m NOK (equity ratio 256.8% → 41.3%). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 277.9k NOK → 228.4k NOK (-17.8% YoY). Calculated