Org.nr 917 533 458 2017 → 2018 Year-over-year analysis

ABSEC AS: årsregnskap 2018 vs 2017

Grew 142% on revenue

approved 2019-05-27; registry 2019-06-17; journal 2019 444850

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ABSEC AS. Revenue 398.8k NOK → 963.6k NOK (+141.6%). Equity -3 289 NOK → 33.2k NOK.

On the constructive side: revenue rose; operating result improved; equity strengthened.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ABSEC AS.

At a glance

Revenue

398.8k NOK 963.6k NOK

+141.6%

Operating result

-53.0k NOK +36.7k NOK

+169.3%

Net result

-53.6k NOK n/m

—

Equity

-3 289 NOK 33.2k NOK

+1109.5%

Cash

62.3k NOK 95.7k NOK

+53.7%

Total assets

203.0k NOK 115.3k NOK

-43.2%

↑
Revenue rose

Operating income / revenue moved from 398.8k NOK to 963.6k NOK (+141.6% YoY). Calculated
↑
Operating result improved

Operating result -53.0k NOK → +36.7k NOK (op. margin -13.3% → 3.8%). Calculated
↑
Equity strengthened

Book equity -3 289 NOK → 33.2k NOK (equity ratio -1.6% → 28.8%). Calculated
↑
Cash rose

Bank deposits 62.3k NOK → 95.7k NOK (+53.7% YoY). Calculated
↑
Current ratio back above 1×

Current ratio 0.98× → 1.40×. Calculated

·
COGS moved

COGS / varekostnad 22.4k NOK → 668.4k NOK (+2885.2% YoY). Calculated