FirmaIQ
Org.nr 996 557 219 2017 → 2018 Year-over-year analysis

ABRACADABRAMAT AS: årsregnskap 2018 vs 2017

Shrank 19% on revenue, slipped into loss

approved 2019-03-15; registry 2019-06-08; journal 2019 393062

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ABRACADABRAMAT AS. Revenue 2.21m NOK → 1.80m NOK (-18.7%). Net result +147.5k NOK → -227.8k NOK. Equity 100.0k NOK → -127.8k NOK.

Pressures included: revenue fell; fell into a net loss; equity eroded.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABRACADABRAMAT AS.

At a glance

Scorecard

Revenue
2.21m NOK 1.80m NOK
-18.7%
Operating result
+193.7k NOK n/m
—
Net result
+147.5k NOK -227.8k NOK
-254.4%
Equity
100.0k NOK -127.8k NOK
-227.8%
Cash
446.5k NOK 371.4k NOK
-16.8%
Total assets
904.2k NOK 763.4k NOK
-15.6%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.21m NOK to 1.80m NOK (-18.7% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 147.5k NOK profit to a loss of 227.8k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 100.0k NOK → -127.8k NOK (equity ratio 11.1% → -16.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 446.5k NOK → 371.4k NOK (-16.8% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 820.2k NOK → 878.9k NOK (37% → 49% of revenue). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -16.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 737.1k NOK → 666.9k NOK (-9.5% YoY). Calculated