ABYSS ASSETS AS: årsregnskap 2018 vs 2017
Shrank 53% on revenue, weaker earnings, cash halved-plus
approved 2019-04-29; registry 2019-05-29; journal 2019 363056
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ABYSS ASSETS AS. Revenue 42.81m NOK → 20.29m NOK (-52.6%). Net result +767.6k NOK → +99.5k NOK. Equity 252.4k NOK → 1.35m NOK.
On the constructive side: equity strengthened; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABYSS ASSETS AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 252.4k NOK → 1.35m NOK (equity ratio 2.4% → 20.9%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.95× → 1.06×. Calculated
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↑
Payroll decreased
Salary cost 8.02m NOK → 7.35m NOK (19% → 36% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 42.81m NOK to 20.29m NOK (-52.6% YoY). Calculated
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↓
Net result weakened
Net result +767.6k NOK → +99.5k NOK (net margin 1.8% → 0.5%). Calculated
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↓
Cash fell
Bank deposits 500.6k NOK → 226.0k NOK (-54.9% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 23.90m NOK → 7.22m NOK (-69.8% YoY). Calculated