ABN SCANDINAVIA AS: årsregnskap 2018 vs 2017
Shrank 8% on revenue, slipped into loss
approved 2019-04-05; registry 2019-05-11; journal 2019 318608
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABN SCANDINAVIA AS. Revenue 67.32m NOK → 61.97m NOK (-7.9%). Net result +1.44m NOK → -14.6k NOK. Equity 8.18m NOK → 4.50m NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABN SCANDINAVIA AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 6.97m NOK → 13.04m NOK (+87.0% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.68m NOK → 2.51m NOK (4% → 4% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 67.32m NOK to 61.97m NOK (-7.9% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 1.44m NOK profit to a loss of 14.6k NOK. Calculated
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↓
Equity eroded
Book equity 8.18m NOK → 4.50m NOK (equity ratio 44.7% → 26.9%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 57.33m NOK → 52.16m NOK (-9.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 40.6k NOK → 1 040 NOK. Reported fact