ABEL HEALTH AS: årsregnskap 2018 vs 2017
Grew 57% on revenue
approved 2019-06-24; registry 2019-07-27; journal 2019 797990
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABEL HEALTH AS. Revenue 5.69m NOK → 8.92m NOK (+56.8%). Net result +193.3k NOK → +172.4k NOK. Equity 149.5k NOK → 191.9k NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: net result weakened; cash fell.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ABEL HEALTH AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.69m NOK to 8.92m NOK (+56.8% YoY). Calculated
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↑
Equity strengthened
Book equity 149.5k NOK → 191.9k NOK (equity ratio 50.4% → 6.6%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.63× → 1.04×. Calculated
What deteriorated
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↓
Net result weakened
Net result +193.3k NOK → +172.4k NOK (net margin 3.4% → 1.9%). Calculated
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↓
Cash fell
Bank deposits 894.2k NOK → 490.0k NOK (-45.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 12.4k NOK → 273.1k NOK (+2097.1% YoY). Calculated