ABACUS NORGE AS: årsregnskap 2019 vs 2018
Grew 28% on revenue, returned to profit, cash halved-plus
approved 2020-01-28; registry 2020-02-03; journal 2020 205335
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABACUS NORGE AS. Revenue 3.22m NOK → 4.12m NOK (+28.1%). Net result -671 NOK → +135.8k NOK. Equity 105.4k NOK → 121.2k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABACUS NORGE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.22m NOK to 4.12m NOK (+28.1% YoY). Calculated
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Operating result improved
Operating result +4 904 NOK → +175.6k NOK (op. margin 0.2% → 4.3%). Calculated
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Turned profitable
Net result flipped from a loss of 671 NOK to a profit of 135.8k NOK. Calculated
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Equity strengthened
Book equity 105.4k NOK → 121.2k NOK (equity ratio 4.7% → 9.8%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 1.05m NOK → 178.3k NOK (-83.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.05m NOK → 178.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS moved
COGS / varekostnad 1.86m NOK → 2.81m NOK (+51.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 834.6k NOK → 726.6k NOK. Reported fact