ABILITY KOMPETANSE AS: årsregnskap 2018 vs 2017
Shrank 41% on revenue
approved 2019-03-03; registry 2019-03-05; journal 2019 224897
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABILITY KOMPETANSE AS. Revenue 685.5k NOK → 402.1k NOK (-41.3%). Equity 145.8k NOK → -431.1k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ABILITY KOMPETANSE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 685.5k NOK to 402.1k NOK (-41.3% YoY). Calculated
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Equity eroded
Book equity 145.8k NOK → -431.1k NOK (equity ratio 19.6% → -198.4%). Calculated
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Cash fell
Bank deposits -46.4k NOK → -78.0k NOK (-68.0% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 3.24× → -0.25× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 289.6k NOK → 310.2k NOK (42% → 77% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -198.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 145.8k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 71.7k NOK → 15.6k NOK (-78.2% YoY). Calculated