Org.nr 992 764 341 2017 → 2018 Year-over-year analysis

ABELNES EIENDOM AS: årsregnskap 2018 vs 2017

Shrank 25% on revenue, stronger earnings, cash halved-plus

approved 2019-06-20; registry 2019-06-29; journal 2019 554166

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ABELNES EIENDOM AS. Revenue 1.74m NOK → 1.31m NOK (-24.6%). Net result +2 091 NOK → +334.5k NOK.

On the constructive side: net result improved. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABELNES EIENDOM AS.

At a glance

Revenue

1.74m NOK 1.31m NOK

-24.6%

Operating result

+751.2k NOK n/m

—

Net result

+2 091 NOK +334.5k NOK

+15899.4%

Equity

3.64m NOK n/m

—

Cash

653.7k NOK 286.7k NOK

-56.1%

Total assets

15.64m NOK 14.96m NOK

-4.3%

↑
Net result improved

Net result +2 091 NOK → +334.5k NOK (net margin 0.1% → 25.5%). Calculated

↓
Revenue fell

Operating income / revenue moved from 1.74m NOK to 1.31m NOK (-24.6% YoY). Calculated
↓
Cash fell

Bank deposits 653.7k NOK → 286.7k NOK (-56.1% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 2.53× → 0.57× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated