FirmaIQ
Org.nr 935 693 462 2017 → 2018 Year-over-year analysis

ABL NORWAY AS: årsregnskap 2018 vs 2017

Slipped into loss

approved 2019-03-15; registry 2019-07-06; journal 2019 622167

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ABL NORWAY AS. Revenue 26.74m NOK → 26.08m NOK (-2.5%). Net result +2.68m NOK → -1.17m NOK. Equity -675.5k NOK → -1.84m NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABL NORWAY AS.

At a glance

Scorecard

Revenue
26.74m NOK 26.08m NOK
-2.5%
Operating result
+499.4k NOK +576 NOK
-99.9%
Net result
+2.68m NOK -1.17m NOK
-143.5%
Equity
-675.5k NOK -1.84m NOK
-172.9%
Cash
1.94m NOK 2.59m NOK
+34.0%
Total assets
14.71m NOK 14.51m NOK
-1.3%

What improved

  • ↑

    Cash rose

    Bank deposits 1.94m NOK → 2.59m NOK (+34.0% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 12.40m NOK → 11.93m NOK (46% → 46% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 26.74m NOK to 26.08m NOK (-2.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +499.4k NOK → +576 NOK (op. margin 1.9% → 0.0%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 2.68m NOK profit to a loss of 1.17m NOK. Calculated

  • ↓

    Equity eroded

    Book equity -675.5k NOK → -1.84m NOK (equity ratio -4.6% → -12.7%). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 10.28m NOK → 11.79m NOK (+14.7% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -12.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation