ABECO AS: årsregnskap 2018 vs 2017
A steady year on the published lines
approved 2019-02-24; registry 2019-04-13; journal 2019 277618
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABECO AS. Revenue 1.59m NOK → 1.59m NOK (+0.4%). Equity 126.8k NOK → 13 NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ABECO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.59m NOK to 1.59m NOK (+0.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +116.1k NOK → +102.6k NOK (op. margin 7.3% → 6.4%). Calculated
-
↓
Equity eroded
Book equity 126.8k NOK → 13 NOK (equity ratio 30.1% → 0.0%). Calculated
-
↓
Cash fell
Bank deposits 236.9k NOK → 118.9k NOK (-49.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 14.5k NOK → 70.7k NOK. Reported fact