ABELHUS AS: årsregnskap 2018 vs 2017
Shrank 31% on revenue, weaker earnings
approved 2019-06-27; registry 2019-08-10; journal 2019 901722
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABELHUS AS. Revenue 2.53m NOK → 1.76m NOK (-30.5%). Net result +296.0k NOK → +131.3k NOK. Equity 5.40m NOK → 4.53m NOK.
Pressures included: revenue fell; net result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
2.53m NOK
1.76m NOK
-30.5%
Operating result
n/m
+1.46m NOK
—
Net result
+296.0k NOK
+131.3k NOK
-55.6%
Equity
5.40m NOK
4.53m NOK
-16.1%
Cash
3.12m NOK
3.04m NOK
-2.7%
Total assets
5.96m NOK
5.08m NOK
-14.8%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.53m NOK to 1.76m NOK (-30.5% YoY). Calculated
-
↓
Net result weakened
Net result +296.0k NOK → +131.3k NOK (net margin 11.7% → 7.5%). Calculated
-
↓
Equity eroded
Book equity 5.40m NOK → 4.53m NOK (equity ratio 90.6% → 89.1%). Calculated
-
↓
Cash fell
Bank deposits 3.12m NOK → 3.04m NOK (-2.7% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 17.7k NOK → 24.3k NOK (1% → 1% of revenue). Calculated