ABRA BESLAG AS: årsregnskap 2018 vs 2017
Shrank 27% on revenue, weaker earnings
approved 2019-05-24; registry 2019-07-17; journal 2019 732319
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABRA BESLAG AS. Revenue 19.97m NOK → 14.60m NOK (-26.9%). Net result +691.2k NOK → +255.9k NOK. Equity 3.12m NOK → 2.72m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ABRA BESLAG AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 116.1k NOK → 313.7k NOK (+170.2% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 19.97m NOK to 14.60m NOK (-26.9% YoY). Calculated
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↓
Operating result weakened
Operating result +544.6k NOK → +60.8k NOK (op. margin 2.7% → 0.4%). Calculated
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↓
Net result weakened
Net result +691.2k NOK → +255.9k NOK (net margin 3.5% → 1.8%). Calculated
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↓
Equity eroded
Book equity 3.12m NOK → 2.72m NOK (equity ratio 37.1% → 43.1%). Calculated
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↓
Payroll up without matching revenue
Salary cost 5.83m NOK → 6.42m NOK (29% → 44% of revenue). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 1.64m NOK → 1.49m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 9.77m NOK → 6.28m NOK (-35.7% YoY). Calculated