FirmaIQ
Org.nr 991 801 936 2017 → 2018 Year-over-year analysis

ABLE AS: årsregnskap 2018 vs 2017

Shrank 38% on revenue, stronger earnings, cash halved-plus

approved 2019-05-20; registry 2019-06-17; journal 2019 442940

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ABLE AS. Revenue 10.96m NOK → 6.78m NOK (-38.2%). Net result +3.52m NOK → +9.12m NOK. Equity 87.3k NOK → 1.21m NOK.

On the constructive side: net result improved; equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
10.96m NOK 6.78m NOK
-38.2%
Operating result
+4.64m NOK +235.8k NOK
-94.9%
Net result
+3.52m NOK +9.12m NOK
+159.5%
Equity
87.3k NOK 1.21m NOK
+1287.6%
Cash
878.5k NOK 1 878 NOK
-99.8%
Total assets
5.99m NOK 4.80m NOK
-20.0%

What improved

  • ↑

    Net result improved

    Net result +3.52m NOK → +9.12m NOK (net margin 32.1% → 134.6%). Calculated

  • ↑

    Equity strengthened

    Book equity 87.3k NOK → 1.21m NOK (equity ratio 1.5% → 25.3%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 10.96m NOK to 6.78m NOK (-38.2% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +4.64m NOK → +235.8k NOK (op. margin 42.3% → 3.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 878.5k NOK → 1 878 NOK (-99.8% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.15× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 3.72m NOK → 4.58m NOK (34% → 68% of revenue). Calculated