ABC TOOLS AS: årsregnskap 2019 vs 2018
Shrank 32% on revenue, weaker earnings, cash halved-plus
approved 2020-02-06; registry 2020-02-19; journal 2020 211404
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABC TOOLS AS. Revenue 318.8k NOK → 217.5k NOK (-31.8%). Net result -70.9k NOK → -134.1k NOK. Equity 421.8k NOK → 459.2k NOK.
On the constructive side: equity strengthened; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABC TOOLS AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 421.8k NOK → 459.2k NOK (equity ratio 738.6% → 51.2%). Calculated
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↑
Owners injected capital
Paid-in equity rose 421.8k NOK → 459.2k NOK (+37.5k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 318.8k NOK to 217.5k NOK (-31.8% YoY). Calculated
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↓
Operating result weakened
Operating result -70.9k NOK → -133.8k NOK (op. margin -22.3% → -61.5%). Calculated
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↓
Net result weakened
Net result -70.9k NOK → -134.1k NOK (net margin -22.2% → -61.6%). Calculated
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↓
Cash fell
Bank deposits 291.6k NOK → 139.4k NOK (-52.2% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 204.7k NOK → 154.5k NOK (-24.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 379.8k NOK → 3 825 NOK. Reported fact