ABA ELEKTRO AS: årsregnskap 2019 vs 2018
Grew 9% on revenue, weaker earnings
approved 2020-08-25; registry 2020-09-08; journal 2020 769888
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABA ELEKTRO AS. Revenue 4.85m NOK → 5.28m NOK (+8.8%). Net result +342.3k NOK → +124.4k NOK. Equity 694.9k NOK → 819.4k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABA ELEKTRO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.85m NOK to 5.28m NOK (+8.8% YoY). Calculated
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↑
Equity strengthened
Book equity 694.9k NOK → 819.4k NOK (equity ratio 34.1% → 33.0%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +447.0k NOK → +171.0k NOK (op. margin 9.2% → 3.2%). Calculated
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↓
Net result weakened
Net result +342.3k NOK → +124.4k NOK (net margin 7.1% → 2.4%). Calculated
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↓
Cash fell
Bank deposits 178.5k NOK → 118.1k NOK (-33.9% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 11.21m NOK → 11.59m NOK (231% → 220% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.89m NOK → 2.36m NOK (+25.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 292.8k NOK → 101.2k NOK. Reported fact