Org.nr 964 091 277 2018 → 2019 Year-over-year analysis

ABACUS RATIO AS: årsregnskap 2019 vs 2018

Shrank 98% on revenue

approved 2020-06-16; registry 2020-06-30; journal 2020 505207

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ABACUS RATIO AS. Revenue 26.81m NOK → 434.3k NOK (-98.4%). Equity 3.02m NOK → 2.09m NOK.

On the constructive side: cash rose; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABACUS RATIO AS.

At a glance

Revenue

26.81m NOK 434.3k NOK

-98.4%

Net result

n/m +54.6k NOK

—

Equity

3.02m NOK 2.09m NOK

-30.8%

Cash

4 849 NOK 692.3k NOK

+14178.2%

Total assets

3.02m NOK 2.48m NOK

-18.0%

↑
Cash rose

Bank deposits 4 849 NOK → 692.3k NOK (+14178.2% YoY). Calculated
↑
Current ratio back above 1×

Current ratio 0.67× → 2.37×. Calculated
↑
Payroll decreased

Salary cost 9.05m NOK → 193.3k NOK (34% → 45% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 26.81m NOK to 434.3k NOK (-98.4% YoY). Calculated
↓
Equity eroded

Book equity 3.02m NOK → 2.09m NOK (equity ratio 100.0% → 84.4%). Calculated