ABC1 SERVICE AS: årsregnskap 2018 vs 2017
Shrank 75% on revenue, slipped into loss
approved 2019-06-30; registry 2019-07-27; journal 2019 798084
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABC1 SERVICE AS. Revenue 373.0k NOK → 92.4k NOK (-75.2%). Net result +57.0k NOK → -31.7k NOK. Equity 81.5k NOK → 49.8k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 70.0k NOK → 107.6k NOK (+53.7% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 373.0k NOK to 92.4k NOK (-75.2% YoY). Calculated
-
↓
Operating result weakened
Operating result +74.4k NOK → -31.2k NOK (op. margin 20.0% → -33.7%). Calculated
-
↓
Fell into a net loss
Net result flipped from 57.0k NOK profit to a loss of 31.7k NOK. Calculated
-
↓
Equity eroded
Book equity 81.5k NOK → 49.8k NOK (equity ratio 34.4% → 44.5%). Calculated
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↓
Payroll up without matching revenue
Salary cost 2 200 NOK → 22.7k NOK (1% → 25% of revenue). Calculated