ABC-KLINIKKEN AS: årsregnskap 2019 vs 2018
Another loss-making year
approved 2020-06-30; registry 2020-10-05; journal 2020 912547
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABC-KLINIKKEN AS. Revenue 2.52m NOK → 2.45m NOK (-2.9%). Net result -99.8k NOK → -100.8k NOK. Equity -126.6k NOK → -227.4k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABC-KLINIKKEN AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.52m NOK to 2.45m NOK (-2.9% YoY). Calculated
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↓
Operating result weakened
Operating result -123.5k NOK → -126.0k NOK (op. margin -4.9% → -5.2%). Calculated
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↓
Equity eroded
Book equity -126.6k NOK → -227.4k NOK (equity ratio -35.6% → -61.2%). Calculated
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↓
Cash fell
Bank deposits 127.7k NOK → 74.2k NOK (-41.9% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.36m NOK → 1.46m NOK (54% → 60% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -61.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 334.8k NOK → 256.0k NOK (-23.5% YoY). Calculated