ABO EIENDOMMER AS: årsregnskap 2018 vs 2017
Grew 6% on revenue, cash halved-plus
approved 2019-06-20; registry 2019-07-09; journal 2019 640751
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABO EIENDOMMER AS. Revenue 6.23m NOK → 6.61m NOK (+6.1%). Equity 8.35m NOK → 4.69m NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for ABO EIENDOMMER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.23m NOK to 6.61m NOK (+6.1% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 8.35m NOK → 4.69m NOK (equity ratio 32.2% → 28.7%). Calculated
-
↓
Cash fell
Bank deposits 7.44m NOK → 2.75m NOK (-63.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.05× → 0.77× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (7.44m NOK → 2.75m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 817.6k NOK → 1.00m NOK (13% → 15% of revenue). Calculated