ABAX GROUP AS: årsregnskap 2019 vs 2018
Grew 97342% on revenue, stronger earnings
approved 2020-07-15; registry 2020-10-10; journal 2020 921818
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABAX GROUP AS. Revenue 543.9k NOK → 529.96m NOK (+97342.2%). Net result -116.21m NOK → -59.90m NOK. Equity 1.43bn NOK → 1.44bn NOK.
On the constructive side: revenue rose; net result improved; equity strengthened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABAX GROUP AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 543.9k NOK to 529.96m NOK (+97342.2% YoY). Calculated
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Net result improved
Net result -116.21m NOK → -59.90m NOK (net margin -21367.0% → -11.3%). Calculated
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Equity strengthened
Book equity 1.43bn NOK → 1.44bn NOK (equity ratio 69.1% → 70.0%). Calculated
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Cash rose
Bank deposits 118.3k NOK → 535.6k NOK (+352.6% YoY). Calculated
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Payroll decreased
Salary cost 272.53m NOK → 26.21m NOK (50110% → 5% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 85.83m NOK → 74.28m NOK (-13.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1.89bn NOK → 6 NOK. Reported fact