ABO SERVICE AS: årsregnskap 2018 vs 2017
Cash halved-plus
approved 2019-06-03; registry 2019-08-10; journal 2019 909970
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABO SERVICE AS. Revenue 3.66m NOK → 3.83m NOK (+4.5%). Equity 674.0k NOK → 826.3k NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ABO SERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.66m NOK to 3.83m NOK (+4.5% YoY). Calculated
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↑
Equity strengthened
Book equity 674.0k NOK → 826.3k NOK (equity ratio 35.4% → 39.3%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.32× → 1.81×. Calculated
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↑
Payroll decreased
Salary cost 2.43m NOK → 2.42m NOK (66% → 63% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 3.18m NOK → 186.8k NOK (-94.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.18m NOK → 186.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation