ABRY & KAVANAGH DESIGN AS: årsregnskap 2018 vs 2017
Shrank 14% on revenue, weaker earnings
approved 2019-05-30; registry 2019-07-20; journal 2019 757905
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABRY & KAVANAGH DESIGN AS. Revenue 2.61m NOK → 2.24m NOK (-14.1%). Net result +245.5k NOK → +63.4k NOK. Equity 527.3k NOK → 590.6k NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABRY & KAVANAGH DESIGN AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 527.3k NOK → 590.6k NOK (equity ratio 53.5% → 1885.8%). Calculated
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↑
Cash rose
Bank deposits 120.7k NOK → 167.6k NOK (+38.9% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.26× → 2.17×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.61m NOK to 2.24m NOK (-14.1% YoY). Calculated
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↓
Operating result weakened
Operating result +246.8k NOK → +60.8k NOK (op. margin 9.5% → 2.7%). Calculated
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↓
Net result weakened
Net result +245.5k NOK → +63.4k NOK (net margin 9.4% → 2.8%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 270.4k NOK → 40.1k NOK (-85.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 7 824 NOK → 12.2k NOK. Reported fact