Org.nr 993 066 427 2017 → 2018 Year-over-year analysis

ABISA AS: årsregnskap 2018 vs 2017

Slipped into loss, cash halved-plus

approved 2019-06-30; registry 2019-07-11; journal 2019 677681

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ABISA AS. Net result +496.6k NOK → -9 941 NOK. Equity 2.88m NOK → 2.67m NOK.

Pressures included: operating result weakened; fell into a net loss; equity eroded.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ABISA AS.

At a glance

Operating result

-13.6k NOK -14.6k NOK

-7.5%

Net result

+496.6k NOK -9 941 NOK

-102.0%

Equity

2.88m NOK 2.67m NOK

-7.3%

Cash

1.42bn NOK 1.53m NOK

-99.9%

Total assets

2.94m NOK 2.93m NOK

-0.3%

↓
Operating result weakened

Operating result -13.6k NOK → -14.6k NOK. Calculated
↓
Fell into a net loss

Net result flipped from 496.6k NOK profit to a loss of 9 941 NOK. Calculated
↓
Equity eroded

Book equity 2.88m NOK → 2.67m NOK (equity ratio 97.9% → 91.1%). Calculated
↓
Cash fell

Bank deposits 1.42bn NOK → 1.53m NOK (-99.9% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (1.42bn NOK → 1.53m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation