ABACUS TAKST AS: årsregnskap 2019 vs 2018
Shrank 28% on revenue
approved 2020-04-29; registry 2020-05-07; journal 2020 339403
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABACUS TAKST AS. Revenue 620.1k NOK → 448.8k NOK (-27.6%). Net result +204.2k NOK → +184.3k NOK. Equity -335.5k NOK → -519.8k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABACUS TAKST AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 28.6k NOK → 46.5k NOK (+62.5% YoY). Calculated
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Payroll decreased
Salary cost 120.9k NOK → 1 698 NOK (19% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 620.1k NOK to 448.8k NOK (-27.6% YoY). Calculated
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↓
Operating result weakened
Operating result +120.4k NOK → +91.3k NOK (op. margin 19.4% → 20.3%). Calculated
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↓
Net result weakened
Net result +204.2k NOK → +184.3k NOK (net margin 32.9% → 41.1%). Calculated
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↓
Equity eroded
Book equity -335.5k NOK → -519.8k NOK (equity ratio -82.0% → -207.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -207.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 156.3k NOK → 143.9k NOK (-8.0% YoY). Calculated