ABBH AS: årsregnskap 2019 vs 2018
Shrank 100% on revenue, cash halved-plus
approved 2020-03-08; registry 2020-09-29; journal 2020 873493
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABBH AS. Revenue 102.51m NOK → 159.4k NOK (-99.8%). Net result +13.61m NOK → +12.65m NOK. Equity 80.02m NOK → 86.64m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for ABBH AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 80.02m NOK → 86.64m NOK (equity ratio 64729.1% → 93.7%). Calculated
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↑
Payroll decreased
Salary cost 13977.00bn NOK → 11 NOK (13634901% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 102.51m NOK to 159.4k NOK (-99.8% YoY). Calculated
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↓
Operating result weakened
Operating result +6.51m NOK → -2.18m NOK (op. margin 6.4% → -1369.8%). Calculated
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↓
Net result weakened
Net result +13.61m NOK → +12.65m NOK (net margin 13.3% → 7931.9%). Calculated
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↓
Cash fell
Bank deposits 8.90m NOK → 1.48m NOK (-83.4% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (8.90m NOK → 1.48m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 36.26m NOK → 36.25m NOK — check capital reduction, conversion, or reclassification. Interpretation