FirmaIQ
Org.nr 916 998 600 2018 → 2019 Year-over-year analysis

AB-GARAGE AS: årsregnskap 2019 vs 2018

Shrank 12% on revenue, slipped into loss, cash halved-plus

approved 2020-05-05; registry 2020-07-02; journal 2020 553690

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for AB-GARAGE AS. Revenue 735.6k NOK → 650.6k NOK (-11.5%). Net result +172.7k NOK → -85.5k NOK. Equity 11.17m NOK → 11 NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AB-GARAGE AS.

At a glance

Scorecard

Revenue
735.6k NOK 650.6k NOK
-11.5%
Operating result
+172.7k NOK -66.8k NOK
-138.7%
Net result
+172.7k NOK -85.5k NOK
-149.5%
Equity
11.17m NOK 11 NOK
-100.0%
Cash
100.8k NOK 15.5k NOK
-84.7%
Total assets
241.7k NOK 107.1k NOK
-55.7%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 735.6k NOK to 650.6k NOK (-11.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +172.7k NOK → -66.8k NOK (op. margin 23.5% → -10.3%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 172.7k NOK profit to a loss of 85.5k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 11.17m NOK → 11 NOK (equity ratio 4621.5% → 0.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 100.8k NOK → 15.5k NOK (-84.7% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation