A2BUS AS: årsregnskap 2019 vs 2018
Shrank 61% on revenue, weaker earnings
approved 2020-11-15; registry 2020-11-18; journal 2020 969303
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A2BUS AS. Revenue 1.50m NOK → 578.0k NOK (-61.4%). Net result -3 909 NOK → -36.8k NOK. Equity -93.8k NOK → -130.6k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A2BUS AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -163.6k NOK → +24.8k NOK (op. margin -10.9% → 4.3%). Calculated
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Payroll decreased
Salary cost 4.56m NOK → 314.3k NOK (305% → 54% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.50m NOK to 578.0k NOK (-61.4% YoY). Calculated
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Net result weakened
Net result -3 909 NOK → -36.8k NOK (net margin -0.3% → -6.4%). Calculated
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↓
Equity eroded
Book equity -93.8k NOK → -130.6k NOK (equity ratio -32.1% → -81.0%). Calculated
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Cash fell
Bank deposits 86.4k NOK → 75.4k NOK (-12.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -81.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 3 328 NOK → 66.4k NOK. Reported fact