ABOVO AS: årsregnskap 2018 vs 2017
Shrank 15% on revenue, stronger earnings
approved 2019-05-02; registry 2019-06-12; journal 2019 410742
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABOVO AS. Revenue 923.9k NOK → 781.5k NOK (-15.4%). Net result -230.7k NOK → -53.8k NOK. Equity 230.2k NOK → 176.4k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABOVO AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -162.8k NOK → +13.1k NOK (op. margin -17.6% → 1.7%). Calculated
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↑
Net result improved
Net result -230.7k NOK → -53.8k NOK (net margin -25.0% → -6.9%). Calculated
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↑
Payroll decreased
Salary cost 565.3k NOK → 418.9k NOK (61% → 54% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 923.9k NOK to 781.5k NOK (-15.4% YoY). Calculated
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↓
Equity eroded
Book equity 230.2k NOK → 176.4k NOK (equity ratio 68.6% → 59.6%). Calculated
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↓
Cash fell
Bank deposits 32.8k NOK → 31.6k NOK (-3.7% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 386.5k NOK → 268.2k NOK (-30.6% YoY). Calculated