ABRAHAMSEN DAGLIGVARE AS: årsregnskap 2018 vs 2017
Shrank 6% on revenue, returned to profit
approved 2019-10-02; registry 2019-10-14; journal 2019 940293
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABRAHAMSEN DAGLIGVARE AS. Revenue 6.64m NOK → 6.27m NOK (-5.5%). Net result -91.4k NOK → +197.7k NOK. Equity -98.7k NOK → 99.1k NOK.
On the constructive side: turned profitable; equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABRAHAMSEN DAGLIGVARE AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 91.4k NOK to a profit of 197.7k NOK. Calculated
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↑
Equity strengthened
Book equity -98.7k NOK → 99.1k NOK (equity ratio -78.4% → 12.1%). Calculated
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↑
Payroll decreased
Salary cost 759.6k NOK → 728.3k NOK (11% → 12% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.64m NOK to 6.27m NOK (-5.5% YoY). Calculated
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↓
Cash fell
Bank deposits 150.7k NOK → 122.4k NOK (-18.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.86× → 0.72× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 5.24m NOK → 4.95m NOK (-5.4% YoY). Calculated