ABRAHAMS HUS AS: årsregnskap 2018 vs 2017
Shrank 23% on revenue, stronger earnings, cash halved-plus
approved 2019-06-30; registry 2020-04-04; journal 2020 276392
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABRAHAMS HUS AS. Revenue 2.53m NOK → 1.95m NOK (-23.1%). Net result +20 NOK → +193.8k NOK. Equity 344.8k NOK → 270.7k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +203.1k NOK → +218.1k NOK (op. margin 8.0% → 11.2%). Calculated
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Net result improved
Net result +20 NOK → +193.8k NOK (net margin 0.0% → 9.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.53m NOK to 1.95m NOK (-23.1% YoY). Calculated
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↓
Equity eroded
Book equity 344.8k NOK → 270.7k NOK (equity ratio 138.8% → 73.2%). Calculated
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Cash fell
Bank deposits 561.2k NOK → 70.7k NOK (-87.4% YoY). Calculated
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Payroll up without matching revenue
Salary cost 1.47m NOK → 4.75m NOK (58% → 243% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 526.9k NOK → 617.4k NOK (+17.2% YoY). Calculated