ABOTNES AS: årsregnskap 2018 vs 2017
Shrank 78% on revenue, stronger earnings
approved 2019-04-26; registry 2019-05-11; journal 2019 319512
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABOTNES AS. Revenue 800.0k NOK → 180.0k NOK (-77.5%). Net result +1.24m NOK → +1.92m NOK. Equity 2.49m NOK → 4.10m NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABOTNES AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +1.24m NOK → +1.92m NOK (net margin 154.5% → 1065.3%). Calculated
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↑
Equity strengthened
Book equity 2.49m NOK → 4.10m NOK (equity ratio 93.2% → 96.3%). Calculated
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Cash rose
Bank deposits 656.9k NOK → 3.22m NOK (+390.8% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 800.0k NOK to 180.0k NOK (-77.5% YoY). Calculated
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↓
Operating result weakened
Operating result +612.0k NOK → -44.6k NOK (op. margin 76.5% → -24.8%). Calculated
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↓
Payroll up without matching revenue
Salary cost 47.0k NOK → 52.7k NOK (6% → 29% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 155.9k NOK → 53.1k NOK. Reported fact