ABC HÅNDVERKEREN FRANKIEWICZ AS: årsregnskap 2019 vs 2018
Shrank 29% on revenue, weaker earnings
approved 2020-06-30; registry 2020-08-25; journal 2020 695958
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABC HÅNDVERKEREN FRANKIEWICZ AS. Revenue 3.02m NOK → 2.14m NOK (-29.0%). Net result +39.9k NOK → +23.2k NOK. Equity -5 814 NOK → 17.3k NOK.
On the constructive side: equity strengthened; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABC HÅNDVERKEREN FRANKIEWICZ AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -5 814 NOK → 17.3k NOK (equity ratio -1.2% → 4.5%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.99× → 1.05×. Calculated
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↑
Payroll decreased
Salary cost 1.97m NOK → 1.43m NOK (65% → 67% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.02m NOK to 2.14m NOK (-29.0% YoY). Calculated
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↓
Operating result weakened
Operating result +38.2k NOK → +23.1k NOK (op. margin 1.3% → 1.1%). Calculated
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↓
Net result weakened
Net result +39.9k NOK → +23.2k NOK (net margin 1.3% → 1.1%). Calculated
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↓
Cash fell
Bank deposits 388.5k NOK → 322.7k NOK (-16.9% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 654.7k NOK → 407.8k NOK (-37.7% YoY). Calculated