ABLECON AS: årsregnskap 2018 vs 2017
Grew 30% on revenue, returned to profit
approved 2019-06-14; registry 2019-07-03; journal 2019 587081
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABLECON AS. Revenue 3.79m NOK → 4.93m NOK (+30.2%). Net result -187.7k NOK → +26.3k NOK. Equity 1.66m NOK → 1.69m NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABLECON AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.79m NOK to 4.93m NOK (+30.2% YoY). Calculated
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Turned profitable
Net result flipped from a loss of 187.7k NOK to a profit of 26.3k NOK. Calculated
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Equity strengthened
Book equity 1.66m NOK → 1.69m NOK (equity ratio 18.9% → 19.2%). Calculated
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Cash rose
Bank deposits 1.92m NOK → 4.61m NOK (+140.4% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 1.36m NOK → 1.44m NOK (36% → 29% of revenue). Calculated
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COGS fell
COGS / varekostnad 307.8k NOK → 1 131 NOK (-99.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 129.3k NOK → 161.7k NOK. Reported fact