ABI AUTO AS: årsregnskap 2018 vs 2017
Shrank 68% on revenue
approved 2019-08-02; registry 2019-08-15; journal 2019 924018
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABI AUTO AS. Revenue 2.26m NOK → 713.1k NOK (-68.4%). Equity -12.0k NOK → -57.6k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABI AUTO AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 742.8k NOK → 826.6k NOK (+11.3% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.26m NOK to 713.1k NOK (-68.4% YoY). Calculated
-
↓
Equity eroded
Book equity -12.0k NOK → -57.6k NOK (equity ratio -0.9% → -4.9%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 1 NOK → 3.15m NOK (0% → 442% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -4.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 288.5k NOK → 0 NOK (-100.0% YoY). Calculated