ABOT AS: årsregnskap 2018 vs 2017
Grew 51% on revenue, stronger earnings, cash halved-plus
approved 2019-05-24; registry 2019-06-22; journal 2019 493913
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABOT AS. Revenue 35.09m NOK → 53.05m NOK (+51.2%). Net result +213.4k NOK → +882.6k NOK. Equity 838.7k NOK → 756.1k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for ABOT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 35.09m NOK to 53.05m NOK (+51.2% YoY). Calculated
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Net result improved
Net result +213.4k NOK → +882.6k NOK (net margin 0.6% → 1.7%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 838.7k NOK → 756.1k NOK (equity ratio 6.8% → 5.3%). Calculated
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↓
Cash fell
Bank deposits 2.61m NOK → 1.11m NOK (-57.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.08× → 0.08× — 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 5.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 400.0k NOK → 200.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 22.37m NOK → 36.30m NOK (+62.3% YoY). Calculated