Org.nr 989 554 786 2017 → 2018 Year-over-year analysis

ABEL DIGITAL SECURITY AS: årsregnskap 2018 vs 2017

Shrank 81% on revenue, cash halved-plus

approved 2019-03-28; registry 2019-04-04; journal 2019 265562

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ABEL DIGITAL SECURITY AS. Revenue 209.3k NOK → 40.1k NOK (-80.9%). Equity 103.1k NOK → 11.8k 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 DIGITAL SECURITY AS.

At a glance

Revenue

209.3k NOK 40.1k NOK

-80.9%

Operating result

+106.1k NOK n/m

—

Net result

+262.2k NOK n/m

—

Equity

103.1k NOK 11.8k NOK

-88.5%

Cash

924.5k NOK 129.3k NOK

-86.0%

Total assets

3.20m NOK 208.3k NOK

-93.5%

↑
Payroll decreased

Salary cost 28.5k NOK → 1 NOK (14% → 0% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 209.3k NOK to 40.1k NOK (-80.9% YoY). Calculated
↓
Equity eroded

Book equity 103.1k NOK → 11.8k NOK (equity ratio 3.2% → 5.7%). Calculated
↓
Cash fell

Bank deposits 924.5k NOK → 129.3k NOK (-86.0% YoY). Calculated