ABACS AS: årsregnskap 2019 vs 2018
Shrank 82% on revenue, weaker earnings
approved 2020-07-06; registry 2020-07-20; journal 2020 591245
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABACS AS. Revenue 1.63m NOK → 288.7k NOK (-82.3%). Net result +996.7k NOK → +790.4k NOK. Equity 22.89m NOK → 23.68m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABACS AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 22.89m NOK → 23.68m NOK (equity ratio 71.0% → 44.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.63m NOK to 288.7k NOK (-82.3% YoY). Calculated
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↓
Operating result weakened
Operating result +182.6k NOK → -243.7k NOK (op. margin 11.2% → -84.4%). Calculated
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↓
Net result weakened
Net result +996.7k NOK → +790.4k NOK (net margin 61.2% → 273.8%). Calculated
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↓
Cash fell
Bank deposits 519.0k NOK → 417.3k NOK (-19.6% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.28m NOK → 29.1k NOK (-97.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 25.24m NOK → 39.86m NOK. Reported fact