ABS INSTALLASJON AS: årsregnskap 2018 vs 2017
Shrank 42% on revenue
approved 2018-12-31; registry 2019-03-28; journal 2019 256791
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABS INSTALLASJON AS. Revenue 1.28m NOK → 744.3k NOK (-41.7%). Equity 15.8k NOK → -1 047 NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABS INSTALLASJON AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 3.74m NOK → 493.2k NOK (293% → 66% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.28m NOK to 744.3k NOK (-41.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +243.5k NOK → -17.2k NOK (op. margin 19.1% → -2.3%). Calculated
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↓
Equity eroded
Book equity 15.8k NOK → -1 047 NOK (equity ratio 6.4% → -1.1%). Calculated
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↓
Cash fell
Bank deposits 85.2k NOK → 80.0k NOK (-6.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.07× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 161.1k NOK → 112.6k NOK (-30.1% YoY). Calculated