Org.nr 959 291 608 2018 → 2019 Year-over-year analysis

AB-M AS: årsregnskap 2019 vs 2018

Shrank 10% on revenue, cash halved-plus

approved 2020-06-30; registry 2020-07-14; journal 2020 572481

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for AB-M AS. Revenue 1.72m NOK → 1.55m NOK (-10.0%). Equity 4.39m NOK → 4.42m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for AB-M AS.

At a glance

Revenue

1.72m NOK 1.55m NOK

-10.0%

Operating result

+628.7k NOK +369.1k NOK

-41.3%

Net result

n/m +332.5k NOK

—

Equity

4.39m NOK 4.42m NOK

+0.7%

Cash

510.7k NOK 196.7k NOK

-61.5%

Total assets

4.90m NOK 4.60m NOK

-6.1%

↑
Equity strengthened

Book equity 4.39m NOK → 4.42m NOK (equity ratio 89.6% → 96.1%). Calculated

↓
Revenue fell

Operating income / revenue moved from 1.72m NOK to 1.55m NOK (-10.0% YoY). Calculated
↓
Operating result weakened

Operating result +628.7k NOK → +369.1k NOK (op. margin 36.5% → 23.8%). Calculated
↓
Cash fell

Bank deposits 510.7k NOK → 196.7k NOK (-61.5% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 1 NOK → 4.44m NOK (0% → 286% of revenue). Calculated
↓
COGS moved

COGS / varekostnad 478.6k NOK → 632.2k NOK (+32.1% YoY). Calculated

·
Book investments changed

Investment / intangible book value 97.6k NOK → 449.4k NOK. Reported fact