AHLBERG DATA AS: årsregnskap 2018 vs 2017
Shrank 17% on revenue, cash halved-plus
approved 2019-05-03; registry 2019-08-06; journal 2019 879282
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AHLBERG DATA AS. Revenue 1.47m NOK → 1.22m NOK (-17.4%). Net result -196.6k NOK → -163.8k NOK. Equity -88.7k NOK → -252.5k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AHLBERG DATA AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -198.8k NOK → -170.2k NOK (op. margin -13.5% → -14.0%). Calculated
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↑
Net result improved
Net result -196.6k NOK → -163.8k NOK (net margin -13.3% → -13.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.47m NOK to 1.22m NOK (-17.4% YoY). Calculated
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↓
Equity eroded
Book equity -88.7k NOK → -252.5k NOK (equity ratio -25.3% → -134.0%). Calculated
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↓
Cash fell
Bank deposits 237.0k NOK → 70.9k NOK (-70.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.39× → 0.43× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 527.3k NOK → 532.4k NOK (36% → 44% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -134.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 742.8k NOK → 602.1k NOK (-18.9% YoY). Calculated