FirmaIQ
Org.nr 998 204 267 2018 → 2019 Year-over-year analysis

ABAX TECHNOLOGY AS: årsregnskap 2019 vs 2018

Shrank 100% on revenue

approved 2020-08-27; registry 2020-10-03; journal 2020 890490

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ABAX TECHNOLOGY AS. Revenue 5.74m NOK → 3 200 NOK (-99.9%). Net result +3.58m NOK → +4.03m NOK. Equity 560.0k NOK → 36.4k NOK.

On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABAX TECHNOLOGY AS.

At a glance

Scorecard

Revenue
5.74m NOK 3 200 NOK
-99.9%
Operating result
+4.59m NOK +5.21m NOK
+13.6%
Net result
+3.58m NOK +4.03m NOK
+12.4%
Equity
560.0k NOK 36.4k NOK
-93.5%
Cash
4 710 NOK 1.39m NOK
+29433.1%
Total assets
29.92m NOK 48.02m NOK
+60.5%

What improved

  • ↑

    Operating result improved

    Operating result +4.59m NOK → +5.21m NOK (op. margin 79.9% → 162730.3%). Calculated

  • ↑

    Net result improved

    Net result +3.58m NOK → +4.03m NOK (net margin 62.4% → 125864.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 4 710 NOK → 1.39m NOK (+29433.1% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.74m NOK to 3 200 NOK (-99.9% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 560.0k NOK → 36.4k NOK (equity ratio 1.9% → 0.1%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 97.8k NOK → -38 NOK (-100.0% YoY). Calculated