Org.nr 916 519 842 2018 → 2019 Year-over-year analysis

ABBAS GRUPPEN AS: årsregnskap 2019 vs 2018

Shrank 8% on revenue

approved 2019-12-31; registry 2020-09-02; journal 2020 734396

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ABBAS GRUPPEN AS. Revenue 2.79m NOK → 2.56m NOK (-8.5%). Equity -218.8k NOK → -295.0k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

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

At a glance

Revenue

2.79m NOK 2.56m NOK

-8.5%

Operating result

n/m -65.0k NOK

—

Net result

n/m -76.2k NOK

—

Equity

-218.8k NOK -295.0k NOK

-34.8%

Cash

291.2k NOK 254.7k NOK

-12.5%

Total assets

755.4k NOK 638.1k NOK

-15.5%

↑
Payroll decreased

Salary cost 2.99m NOK → 838.4k NOK (107% → 33% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 2.79m NOK to 2.56m NOK (-8.5% YoY). Calculated
↓
Equity eroded

Book equity -218.8k NOK → -295.0k NOK (equity ratio -29.0% → -46.2%). Calculated
↓
Cash fell

Bank deposits 291.2k NOK → 254.7k NOK (-12.5% YoY). Calculated

·
Thin equity buffer

Equity ratio is -46.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 900.3k NOK → 814.6k NOK (-9.5% YoY). Calculated