ABACUS REGNSKAP AS: årsregnskap 2019 vs 2018
Grew 14% on revenue, stronger earnings, cash halved-plus
approved 2020-03-05; registry 2020-08-22; journal 2020 687490
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABACUS REGNSKAP AS. Revenue 4.90m NOK → 5.59m NOK (+14.1%). Net result +190.7k NOK → +365.6k NOK. Equity 574.2k NOK → 939.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ABACUS REGNSKAP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.90m NOK to 5.59m NOK (+14.1% YoY). Calculated
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Operating result improved
Operating result +247.2k NOK → +468.6k NOK (op. margin 5.0% → 8.4%). Calculated
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Net result improved
Net result +190.7k NOK → +365.6k NOK (net margin 3.9% → 6.5%). Calculated
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Equity strengthened
Book equity 574.2k NOK → 939.8k NOK (equity ratio 44.7% → 51.7%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 710.6k NOK → 239.6k NOK (-66.3% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 3.90m NOK → 4.20m NOK (80% → 75% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 948.2k NOK → 750.9k NOK (-20.8% YoY). Calculated