FirmaIQ
Org.nr 999 254 632 2017 → 2018 Year-over-year analysis

ABYSS GROUP AS: årsregnskap 2018 vs 2017

Grew 84% on revenue, stronger earnings

approved 2019-04-29; registry 2019-05-29; journal 2019 363034

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ABYSS GROUP AS. Revenue 6.48m NOK → 11.93m NOK (+84.1%). Net result +16.9k NOK → +90.0k NOK. Equity 19.18m NOK → 19.27m NOK.

On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.

Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABYSS GROUP AS.

At a glance

Scorecard

Revenue
6.48m NOK 11.93m NOK
+84.1%
Net result
+16.9k NOK +90.0k NOK
+434.0%
Equity
19.18m NOK 19.27m NOK
+0.5%
Cash
824.2k NOK 417.9k NOK
-49.3%
Total assets
20.95m NOK 22.27m NOK
+6.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 6.48m NOK to 11.93m NOK (+84.1% YoY). Calculated

  • ↑

    Net result improved

    Net result +16.9k NOK → +90.0k NOK (net margin 0.3% → 0.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 19.18m NOK → 19.27m NOK (equity ratio 91.5% → 86.5%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.62× → 1.15×. Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 824.2k NOK → 417.9k NOK (-49.3% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 4.90m NOK → 5.78m NOK (76% → 48% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 51.3k NOK → 2.61m NOK (+4984.5% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 19.48m NOK → 18.03m NOK. Reported fact