ABEL EIENDOMSFORVALTNING AS: årsregnskap 2018 vs 2017
Shrank 7% on revenue, weaker earnings
approved 2019-06-26; registry 2019-07-16; journal 2019 720170
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABEL EIENDOMSFORVALTNING AS. Revenue 8.94m NOK → 8.35m NOK (-6.6%). Net result +1.72m NOK → +610.1k NOK. Equity 2.93m NOK → 2.83m NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 285.2k NOK → 594.2k NOK (+108.3% YoY). Calculated
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↑
Payroll decreased
Salary cost 5.69m NOK → 5.02m NOK (64% → 60% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.94m NOK to 8.35m NOK (-6.6% YoY). Calculated
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↓
Net result weakened
Net result +1.72m NOK → +610.1k NOK (net margin 19.3% → 7.3%). Calculated
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↓
Equity eroded
Book equity 2.93m NOK → 2.83m NOK (equity ratio 17.9% → 14.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.18× → 0.14× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated