ABRA CADABRA BARNEHAGE AS: årsregnskap 2018 vs 2017
Grew 10% on revenue, stronger earnings
approved 2019-06-21; registry 2019-07-02; journal 2019 572969
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABRA CADABRA BARNEHAGE AS. Revenue 6.98m NOK → 7.69m NOK (+10.2%). Net result -1.00m NOK → -577.9k NOK. Equity 6.51m NOK → -70.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ABRA CADABRA BARNEHAGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.98m NOK to 7.69m NOK (+10.2% YoY). Calculated
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↑
Operating result improved
Operating result -1.28m NOK → -226.7k NOK (op. margin -18.3% → -2.9%). Calculated
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↑
Net result improved
Net result -1.00m NOK → -577.9k NOK (net margin -14.3% → -7.5%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 6.51m NOK → -70.5k NOK (equity ratio 72.4% → -0.4%). Calculated
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↓
Cash fell
Bank deposits 1.84m NOK → 1.40m NOK (-24.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 17.90× → 0.12× — 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 -0.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 5.86m NOK → 6.47m NOK (84% → 84% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 148.4k NOK → 136.8k NOK (-7.8% YoY). Calculated