ABEL DESIGN KJØKKEN & GARDEROBE AS: årsregnskap 2018 vs 2017
Shrank 44% on revenue, cash halved-plus
approved 2019-02-26; registry 2019-03-04; journal 2019 221751
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABEL DESIGN KJØKKEN & GARDEROBE AS. Revenue 719.1k NOK → 403.7k NOK (-43.9%). Equity 7.20m NOK → 76.6k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABEL DESIGN KJØKKEN & GARDEROBE AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 12.14m NOK → 11 NOK (1688% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 719.1k NOK to 403.7k NOK (-43.9% YoY). Calculated
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↓
Equity eroded
Book equity 7.20m NOK → 76.6k NOK (equity ratio 1757.5% → 27.6%). Calculated
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↓
Cash fell
Bank deposits 117.7k NOK → 31.5k NOK (-73.2% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 323.8k NOK → 175.5k NOK (-45.8% YoY). Calculated