ABK TEKNIKK AS: årsregnskap 2018 vs 2017
Grew 66% on revenue, stronger earnings, cash halved-plus
approved 2019-02-12; registry 2019-02-27; journal 2019 216723
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABK TEKNIKK AS. Revenue 4.30m NOK → 7.14m NOK (+66.0%). Net result +196.7k NOK → +266.9k NOK. Equity 9 989 NOK → 276.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABK TEKNIKK AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.30m NOK to 7.14m NOK (+66.0% YoY). Calculated
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Operating result improved
Operating result +173.3k NOK → +304.4k NOK (op. margin 4.0% → 4.3%). Calculated
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Net result improved
Net result +196.7k NOK → +266.9k NOK (net margin 4.6% → 3.7%). Calculated
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Equity strengthened
Book equity 9 989 NOK → 276.8k NOK (equity ratio 3.8% → 17.9%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 402.0k NOK → 19.0k NOK (-95.3% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.61× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 1.75m NOK → 3.35m NOK (41% → 47% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 164.0k NOK → 1.49m NOK (+810.8% YoY). Calculated