ABA TRANSPORT AS: årsregnskap 2019 vs 2018
Grew 8% on revenue, stronger earnings, cash halved-plus
approved 2020-09-15; registry 2020-09-19; journal 2020 833748
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABA TRANSPORT AS. Revenue 12.10m NOK → 13.11m NOK (+8.3%). Net result +1 011 NOK → +1.09m NOK. Equity 456.9k NOK → 2.30m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABA TRANSPORT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 12.10m NOK to 13.11m NOK (+8.3% YoY). Calculated
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Operating result improved
Operating result +531.0k NOK → +1.82m NOK (op. margin 4.4% → 13.9%). Calculated
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Net result improved
Net result +1 011 NOK → +1.09m NOK (net margin 0.0% → 8.3%). Calculated
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Equity strengthened
Book equity 456.9k NOK → 2.30m NOK (equity ratio 5.5% → 16.1%). Calculated
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Current ratio back above 1×
Current ratio 0.49× → 1.48×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 213.2k NOK → 85.0k NOK (-60.1% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 1.55m NOK → 1.67m NOK (13% → 13% of revenue). Calculated
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COGS moved
COGS / varekostnad 6.91m NOK → 7.31m NOK (+5.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 644.1k NOK → 425.5k NOK. Reported fact