ABELLO AS: årsregnskap 2018 vs 2017
Shrank 26% on revenue, stronger earnings
approved 2019-07-09; registry 2019-07-31; journal 2019 837596
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABELLO AS. Revenue 3.01m NOK → 2.23m NOK (-25.8%). Net result +5 NOK → +433.3k NOK. Equity -212.8k NOK → 12.22m NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABELLO AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +5 NOK → +433.3k NOK (net margin 0.0% → 19.4%). Calculated
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↑
Equity strengthened
Book equity -212.8k NOK → 12.22m NOK (equity ratio -86.2% → 1669.1%). Calculated
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↑
Cash rose
Bank deposits 63.7k NOK → 184.4k NOK (+189.7% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.35× → 1.15×. Calculated
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Payroll decreased
Salary cost 1.24m NOK → 1 NOK (41% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.01m NOK to 2.23m NOK (-25.8% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.42m NOK → 380.5k NOK (-73.1% YoY). Calculated