ABC STUDIO AS: årsregnskap 2019 vs 2018
Grew 29% on revenue, weaker earnings, cash halved-plus
approved 2020-05-15; registry 2020-09-09; journal 2020 779402
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABC STUDIO AS. Revenue 1.59m NOK → 2.05m NOK (+28.9%). Net result +145.9k NOK → +65.1k NOK. Equity 398.6k NOK → 463.7k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ABC STUDIO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.59m NOK to 2.05m NOK (+28.9% YoY). Calculated
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↑
Equity strengthened
Book equity 398.6k NOK → 463.7k NOK (equity ratio 70.8% → 65.7%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +144.6k NOK → +62.7k NOK (op. margin 9.1% → 3.1%). Calculated
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↓
Net result weakened
Net result +145.9k NOK → +65.1k NOK (net margin 9.2% → 3.2%). Calculated
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↓
Cash fell
Bank deposits 131.7k NOK → 39.4k NOK (-70.0% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 149.7k NOK → 1.44m NOK (+864.8% YoY). Calculated