Org.nr 917 432 945 2018 → 2019 Year-over-year analysis

ABBAS AS: årsregnskap 2019 vs 2018

Grew 175531% on revenue

approved 2019-12-31; registry 2020-09-09; journal 2020 779406

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ABBAS AS. Revenue 5 987 NOK → 10.52m NOK (+175530.8%). Equity 5.64m NOK → 701.0k NOK.

On the constructive side: revenue rose; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ABBAS AS.

At a glance

Revenue

5 987 NOK 10.52m NOK

+175530.8%

Operating result

n/m +90.2k NOK

—

Net result

n/m +61.3k NOK

—

Equity

5.64m NOK 701.0k NOK

-87.6%

Cash

1 386 NOK 437.3k NOK

+31454.7%

Total assets

1.67m NOK 1.73m NOK

+3.4%

↑
Revenue rose

Operating income / revenue moved from 5 987 NOK to 10.52m NOK (+175530.8% YoY). Calculated
↑
Cash rose

Bank deposits 1 386 NOK → 437.3k NOK (+31454.7% YoY). Calculated

↓
Equity eroded

Book equity 5.64m NOK → 701.0k NOK (equity ratio 337.9% → 40.6%). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.43× → 0.48× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
COGS moved

COGS / varekostnad 1 605 NOK → 3.13m NOK (+195067.2% YoY). Calculated