FirmaIQ
Org.nr 917 072 833 2017 → 2018 Year-over-year analysis

ABSOLUIT AS: årsregnskap 2018 vs 2017

Shrank 32% on revenue, weaker earnings, cash halved-plus

approved 2019-07-25; registry 2019-08-07; journal 2019 896330

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ABSOLUIT AS. Revenue 2.40m NOK → 1.62m NOK (-32.4%). Net result +71.3k NOK → +48.7k NOK. Equity 137.5k NOK → 88.8k NOK.

Pressures included: revenue fell; operating result weakened; net result weakened.

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

At a glance

Scorecard

Revenue
2.40m NOK 1.62m NOK
-32.4%
Operating result
+103.2k NOK +61.7k NOK
-40.2%
Net result
+71.3k NOK +48.7k NOK
-31.7%
Equity
137.5k NOK 88.8k NOK
-35.4%
Cash
280.0k NOK 59.2k NOK
-78.9%
Total assets
280.0k NOK 322.7k NOK
+15.3%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.40m NOK to 1.62m NOK (-32.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +103.2k NOK → +61.7k NOK (op. margin 4.3% → 3.8%). Calculated

  • ↓

    Net result weakened

    Net result +71.3k NOK → +48.7k NOK (net margin 3.0% → 3.0%). Calculated

  • ↓

    Equity eroded

    Book equity 137.5k NOK → 88.8k NOK (equity ratio 49.1% → 27.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 280.0k NOK → 59.2k NOK (-78.9% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 2.26m NOK → 1.68m NOK (-25.7% YoY). Calculated