ABATE AS: årsregnskap 2019 vs 2018
Grew 48% on revenue, stronger earnings
approved 2020-06-24; registry 2020-07-01; journal 2020 521125
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABATE AS. Revenue 611.1k NOK → 907.4k NOK (+48.5%). Net result +58.3k NOK → +164.1k NOK. Equity 4.16m NOK → 321.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABATE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 611.1k NOK to 907.4k NOK (+48.5% YoY). Calculated
-
↑
Operating result improved
Operating result +55.7k NOK → +235.4k NOK (op. margin 9.1% → 25.9%). Calculated
-
↑
Net result improved
Net result +58.3k NOK → +164.1k NOK (net margin 9.5% → 18.1%). Calculated
-
↑
Cash rose
Bank deposits 150.5k NOK → 411.0k NOK (+173.1% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 4.16m NOK → 321.0k NOK (equity ratio 752.4% → 49.1%). Calculated
Things to notice
-
·
Payroll increased
Salary cost 129.5k NOK → 140.8k NOK (21% → 16% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 425.9k NOK → 531.1k NOK (+24.7% YoY). Calculated