ABSOLUTE BAR AS: årsregnskap 2018 vs 2017
Grew 27% on revenue, stronger earnings
approved 2019-06-26; registry 2019-07-06; journal 2019 611887
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABSOLUTE BAR AS. Revenue 1.76m NOK → 2.23m NOK (+27.0%). Net result +8 061 NOK → +46.9k NOK. Equity 11.36m NOK → 11.40m NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABSOLUTE BAR AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.76m NOK to 2.23m NOK (+27.0% YoY). Calculated
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Operating result improved
Operating result +21.5k NOK → +71.9k NOK (op. margin 1.2% → 3.2%). Calculated
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Net result improved
Net result +8 061 NOK → +46.9k NOK (net margin 0.5% → 2.1%). Calculated
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Equity strengthened
Book equity 11.36m NOK → 11.40m NOK (equity ratio 1937.3% → 1657.3%). Calculated
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Cash rose
Bank deposits 233.8k NOK → 390.6k NOK (+67.1% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 686.5k NOK → 852 NOK (-99.9% YoY). Calculated