FirmaIQ
Org.nr 981 528 778 2017 → 2018 Year-over-year analysis

ABSOLUTESKILLS AS: årsregnskap 2018 vs 2017

Shrank 19% on revenue, weaker earnings

approved 2019-06-26; registry 2019-07-09; journal 2019 630513

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ABSOLUTESKILLS AS. Revenue 2.70m NOK → 2.20m NOK (-18.7%). Net result +843.6k NOK → +374.7k NOK. Equity 1.94m NOK → 1.32m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
2.70m NOK 2.20m NOK
-18.7%
Net result
+843.6k NOK +374.7k NOK
-55.6%
Equity
1.94m NOK 1.32m NOK
-32.2%
Cash
1.60m NOK 1.60m NOK
-0.4%
Total assets
3.38m NOK 2.87m NOK
-15.1%

What improved

  • ↑

    Payroll decreased

    Salary cost 1.07m NOK → 1.06m NOK (40% → 48% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.70m NOK to 2.20m NOK (-18.7% YoY). Calculated

  • ↓

    Net result weakened

    Net result +843.6k NOK → +374.7k NOK (net margin 31.2% → 17.1%). Calculated

  • ↓

    Equity eroded

    Book equity 1.94m NOK → 1.32m NOK (equity ratio 57.6% → 46.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.60m NOK → 1.60m NOK (-0.4% YoY). Calculated