FirmaIQ
Org.nr 997 796 993 2017 → 2018 Year-over-year analysis

ABRAHAMSEN SOFTWARE SOLUTIONS AS: årsregnskap 2018 vs 2017

Grew 11804% on revenue

approved 2019-03-06; registry 2019-03-26; journal 2019 251253

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ABRAHAMSEN SOFTWARE SOLUTIONS AS. Revenue 1 496 NOK → 178.1k NOK (+11804.3%). Equity 564.0k NOK → 465.4k NOK.

On the constructive side: revenue rose; current ratio back above 1×. Pressures included: equity eroded; cash fell.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ABRAHAMSEN SOFTWARE SOLUTIONS AS.

At a glance

Scorecard

Revenue
1 496 NOK 178.1k NOK
+11804.3%
Net result
n/m +301.4k NOK
—
Equity
564.0k NOK 465.4k NOK
-17.5%
Cash
690.9k NOK 628.5k NOK
-9.0%
Total assets
1 128 NOK 1.05m NOK
+93405.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1 496 NOK to 178.1k NOK (+11804.3% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.00× → 1.79×. Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 564.0k NOK → 465.4k NOK (equity ratio 49999.2% → 44.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 690.9k NOK → 628.5k NOK (-9.0% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1 756 NOK → 726.9k NOK (117% → 408% of revenue). Calculated