ABACUS IT AS: årsregnskap 2019 vs 2018
Grew 40% on revenue
approved 2020-04-21; registry 2020-05-06; journal 2020 332296
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABACUS IT AS. Revenue 59.00m NOK → 82.48m NOK (+39.8%). Equity 7.46m NOK → 18.95m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABACUS IT AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 59.00m NOK to 82.48m NOK (+39.8% YoY). Calculated
-
↑
Equity strengthened
Book equity 7.46m NOK → 18.95m NOK (equity ratio 22.8% → 51.0%). Calculated
-
↑
Cash rose
Bank deposits 4.37m NOK → 7.43m NOK (+70.0% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.91× → 1.32×. Calculated
Things to notice
-
·
Payroll increased
Salary cost 33.49m NOK → 44.28m NOK (57% → 54% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 14.24m NOK → 21.30m NOK (+49.6% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 3.58m NOK → 8.84m NOK. Reported fact