ABM SALG AS: årsregnskap 2018 vs 2017
Grew 368% on revenue, cash halved-plus
approved 2019-06-21; registry 2019-07-24; journal 2019 777651
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABM SALG AS. Revenue 1.09m NOK → 5.12m NOK (+368.4%). Equity 180.8k NOK → 280.1k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ABM SALG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.09m NOK to 5.12m NOK (+368.4% YoY). Calculated
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↑
Operating result improved
Operating result +198.5k NOK → +198.6k NOK (op. margin 18.2% → 3.9%). Calculated
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↑
Equity strengthened
Book equity 180.8k NOK → 280.1k NOK (equity ratio 12.4% → 7.0%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 186.2k NOK → 83.1k NOK (-55.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1051.01× → 0.92× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 39.2k NOK → 1.54m NOK (4% → 30% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 374.9k NOK → 175.1k NOK (-53.3% YoY). Calculated