ABCALES AS: årsregnskap 2018 vs 2017
Shrank 100% on revenue, stronger earnings
approved 2019-04-04; registry 2019-05-04; journal 2019 302072
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABCALES AS. Revenue 566.79bn NOK → 872.4k NOK (-100.0%). Net result +605 NOK → +93.1k NOK. Equity 70.2k NOK → -22.8k NOK.
On the constructive side: net result improved; cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABCALES AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +605 NOK → +93.1k NOK (net margin 0.0% → 10.7%). Calculated
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Cash rose
Bank deposits 37.8k NOK → 100.8k NOK (+166.4% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 566.79bn NOK to 872.4k NOK (-100.0% YoY). Calculated
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Operating result weakened
Operating result +598 NOK → -84 NOK (op. margin 0.0% → -0.0%). Calculated
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↓
Equity eroded
Book equity 70.2k NOK → -22.8k NOK (equity ratio 54.9% → -13.0%). Calculated
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Current ratio dropped below 1×
Current ratio 2.06× → 0.88× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 270.1k NOK → 829.4k NOK (0% → 95% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -13.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation