ABBI AS: årsregnskap 2019 vs 2018
Shrank 46% on revenue, slipped into loss
approved 2020-03-27; registry 2020-06-04; journal 2020 390126
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABBI AS. Revenue 368.5k NOK → 200.0k NOK (-45.7%). Net result +5 NOK → -93.9k NOK. Equity -52.3k NOK → -146.3k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABBI AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 368.5k NOK to 200.0k NOK (-45.7% YoY). Calculated
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Operating result weakened
Operating result -59.8k NOK → -93.1k NOK (op. margin -16.2% → -46.6%). Calculated
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Fell into a net loss
Net result flipped from 5 NOK profit to a loss of 93.9k NOK. Calculated
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Equity eroded
Book equity -52.3k NOK → -146.3k NOK (equity ratio -12.9% → -53.1%). Calculated
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Cash fell
Bank deposits 60.9k NOK → 38.1k NOK (-37.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -53.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 233.3k NOK → 129.4k NOK (-44.5% YoY). Calculated