ABC GAMLESKULEN AS: årsregnskap 2019 vs 2018
Grew 33% on revenue, slipped into loss
approved 2020-05-15; registry 2020-09-09; journal 2020 779094
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABC GAMLESKULEN AS. Revenue 72.0k NOK → 96.0k NOK (+33.3%). Net result +21.6k NOK → -15.2k NOK. Equity 8 440 NOK → -6 800 NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABC GAMLESKULEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 72.0k NOK to 96.0k NOK (+33.3% YoY). Calculated
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↑
Operating result improved
Operating result -11.2k NOK → +3 589 NOK (op. margin -15.5% → 3.7%). Calculated
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Cash rose
Bank deposits 100.9k NOK → 106.6k NOK (+5.7% YoY). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 21.6k NOK profit to a loss of 15.2k NOK. Calculated
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↓
Equity eroded
Book equity 8 440 NOK → -6 800 NOK (equity ratio 1.4% → -1.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation