ABC ACCOUNTING AS: årsregnskap 2019 vs 2018
Weaker earnings, cash halved-plus
approved 2020-01-27; registry 2020-01-29; journal 2020 204003
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABC ACCOUNTING AS. Revenue 6.03m NOK → 5.93m NOK (-1.7%). Net result +403.8k NOK → +269.6k NOK. Equity 97.0k NOK → 1.11m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; net result weakened; cash fell.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 97.0k NOK → 1.11m NOK (equity ratio 4.5% → 47.2%). Calculated
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↑
Payroll decreased
Salary cost 4.32m NOK → 4.30m NOK (72% → 73% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 6.03m NOK to 5.93m NOK (-1.7% YoY). Calculated
-
↓
Net result weakened
Net result +403.8k NOK → +269.6k NOK (net margin 6.7% → 4.5%). Calculated
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↓
Cash fell
Bank deposits 970.5k NOK → 347.5k NOK (-64.2% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.84× → 0.28× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated