Org.nr 954 634 388 2018 → 2019 Year-over-year analysis

ABA-TECH AS: årsregnskap 2019 vs 2018

Grew 10% on revenue, cash halved-plus

approved 2020-08-31; registry 2020-10-12; journal 2020 923428

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ABA-TECH AS. Revenue 5.61m NOK → 6.18m NOK (+10.3%). Equity -848.5k NOK → -2.02m NOK.

On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.

Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ABA-TECH AS.

At a glance

Revenue

5.61m NOK 6.18m NOK

+10.3%

Operating result

n/m -1.11m NOK

—

Net result

n/m -1.18m NOK

—

Equity

-848.5k NOK -2.02m NOK

-138.5%

Cash

228.4k NOK 40.5k NOK

-82.3%

Total assets

1.87m NOK 752.3k NOK

-59.7%

↑
Revenue rose

Operating income / revenue moved from 5.61m NOK to 6.18m NOK (+10.3% YoY). Calculated

↓
Equity eroded

Book equity -848.5k NOK → -2.02m NOK (equity ratio -45.5% → -269.0%). Calculated
↓
Cash fell

Bank deposits 228.4k NOK → 40.5k NOK (-82.3% YoY). Calculated

·
Thin equity buffer

Equity ratio is -269.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS moved

COGS / varekostnad 2.47m NOK → 3.62m NOK (+46.4% YoY). Calculated