ABDALY SPESIALIST ALLMENNMEDISIN AS: årsregnskap 2018 vs 2017
Grew 17% on revenue, returned to profit, cash halved-plus
approved 2019-06-27; registry 2019-07-24; journal 2019 776473
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABDALY SPESIALIST ALLMENNMEDISIN AS. Revenue 5.06m NOK → 5.94m NOK (+17.2%). Net result -1.04m NOK → +5.37m NOK. Equity 9.72m NOK → 15.03m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs fell. All figures are taken from the published annual accounts for ABDALY SPESIALIST ALLMENNMEDISIN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.06m NOK to 5.94m NOK (+17.2% YoY). Calculated
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↑
Operating result improved
Operating result +3.24m NOK → +3.98m NOK (op. margin 64.0% → 67.1%). Calculated
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Turned profitable
Net result flipped from a loss of 1.04m NOK to a profit of 5.37m NOK. Calculated
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↑
Equity strengthened
Book equity 9.72m NOK → 15.03m NOK (equity ratio 91.7% → 93.1%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 1.08m NOK → 57.5k NOK (-94.7% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.08m NOK → 57.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 750.1k NOK → 901.3k NOK (15% → 15% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 31.0k NOK → 21.1k NOK (-32.1% YoY). Calculated