Org.nr 848 629 642 2017 → 2018 Year-over-year analysis

ABSOR AS: årsregnskap 2018 vs 2017

Shrank 95% on revenue, stronger earnings

approved 2019-04-23; registry 2019-08-06; journal 2019 885984

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ABSOR AS. Revenue 878.3k NOK → 43.0k NOK (-95.1%). Net result -252.7k NOK → -57.4k NOK.

On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; cogs moved.

Mixed year — gains and pressures both show up.

At a glance

Revenue

878.3k NOK 43.0k NOK

-95.1%

Operating result

-211.1k NOK -9 555 NOK

+95.5%

Net result

-252.7k NOK -57.4k NOK

+77.3%

Cash

7 292 NOK 6 868 NOK

-5.8%

Total assets

386.4k NOK 480.1k NOK

+24.3%

↑
Operating result improved

Operating result -211.1k NOK → -9 555 NOK (op. margin -24.0% → -22.2%). Calculated
↑
Net result improved

Net result -252.7k NOK → -57.4k NOK (net margin -28.8% → -133.6%). Calculated
↑
Payroll decreased

Salary cost 280.6k NOK → 163.1k NOK (32% → 380% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 878.3k NOK to 43.0k NOK (-95.1% YoY). Calculated
↓
COGS moved

COGS / varekostnad 477.5k NOK → 544.2k NOK (+14.0% YoY). Calculated