ABIRAMY CASH & CARRY AS: årsregnskap 2018 vs 2017
Grew 10% on revenue, weaker earnings
approved 2019-05-31; registry 2019-06-22; journal 2019 501311
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABIRAMY CASH & CARRY AS. Revenue 14.68m NOK → 16.11m NOK (+9.8%). Net result -367.2k NOK → -1.57m NOK. Equity 268.5k NOK → -1.30m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABIRAMY CASH & CARRY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 14.68m NOK to 16.11m NOK (+9.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -370.4k NOK → -1.55m NOK (op. margin -2.5% → -9.6%). Calculated
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↓
Net result weakened
Net result -367.2k NOK → -1.57m NOK (net margin -2.5% → -9.7%). Calculated
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↓
Equity eroded
Book equity 268.5k NOK → -1.30m NOK (equity ratio 15.5% → -64.1%). Calculated
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↓
Cash fell
Bank deposits 480.7k NOK → 379.1k NOK (-21.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -64.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2.80m NOK → 3.00m NOK (19% → 19% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 10.82m NOK → 12.59m NOK (+16.4% YoY). Calculated