ABC RENHOLD & SERVICE AS: årsregnskap 2019 vs 2018
Shrank 9% on revenue, returned to profit
approved 2020-02-07; registry 2020-03-09; journal 2020 233633
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABC RENHOLD & SERVICE AS. Revenue 1.64m NOK → 1.50m NOK (-8.5%). Net result -86.6k NOK → +90.2k NOK. Equity -272.3k NOK → -182.1k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABC RENHOLD & SERVICE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -78.3k NOK → +98.2k NOK (op. margin -4.8% → 6.6%). Calculated
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Turned profitable
Net result flipped from a loss of 86.6k NOK to a profit of 90.2k NOK. Calculated
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Equity strengthened
Book equity -272.3k NOK → -182.1k NOK (equity ratio -191.1% → -238.3%). Calculated
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Cash rose
Bank deposits 24.7k NOK → 33.2k NOK (+34.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.64m NOK to 1.50m NOK (-8.5% YoY). Calculated
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Payroll up without matching revenue
Salary cost 1.08m NOK → 3.91m NOK (66% → 261% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -238.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 254.1k NOK → 123.2k NOK (-51.5% YoY). Calculated