ABLE PRODUCTS AS: årsregnskap 2018 vs 2017
Weaker earnings
approved 2019-02-28; registry 2019-03-12; journal 2019 230542
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABLE PRODUCTS AS. Net result +131.3k NOK → +5 500 NOK. Equity 16.67m NOK → 16.34m NOK.
On the constructive side: cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
Operating result
+15.2k NOK
-41.3k NOK
-371.7%
Net result
+131.3k NOK
+5 500 NOK
-95.8%
Equity
16.67m NOK
16.34m NOK
-2.0%
Cash
1.21m NOK
2.09m NOK
+73.5%
Total assets
16.70m NOK
16.37m NOK
-1.9%
What improved
-
↑
Cash rose
Bank deposits 1.21m NOK → 2.09m NOK (+73.5% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +15.2k NOK → -41.3k NOK. Calculated
-
↓
Net result weakened
Net result +131.3k NOK → +5 500 NOK. Calculated
-
↓
Equity eroded
Book equity 16.67m NOK → 16.34m NOK (equity ratio 99.8% → 99.8%). Calculated