ABACUS FINANS AS: årsregnskap 2019 vs 2018
Shrank 25% on revenue, cash halved-plus
approved 2020-09-25; registry 2020-10-05; journal 2020 909941
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABACUS FINANS AS. Revenue 146.9k NOK → 110.8k NOK (-24.6%). Equity 16.43m NOK → 10.07m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ABACUS FINANS AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 6.21m NOK → 6 NOK (4226% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 146.9k NOK to 110.8k NOK (-24.6% YoY). Calculated
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↓
Equity eroded
Book equity 16.43m NOK → 10.07m NOK (equity ratio 97.2% → 98.7%). Calculated
-
↓
Cash fell
Bank deposits 13.38m NOK → 4.41m NOK (-67.0% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (13.38m NOK → 4.41m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 3 325 NOK → 4.90m NOK. Reported fact