ABC1 SERVICE AS: årsregnskap 2019 vs 2018
Grew 363% on revenue, weaker earnings
approved 2020-08-20; registry 2020-09-02; journal 2020 728446
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABC1 SERVICE AS. Revenue 92.4k NOK → 427.9k NOK (+362.9%). Net result -31.7k NOK → -65.2k NOK. Equity 49.8k NOK → -15.4k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ABC1 SERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 92.4k NOK to 427.9k NOK (+362.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -31.2k NOK → -65.4k NOK (op. margin -33.7% → -15.3%). Calculated
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↓
Net result weakened
Net result -31.7k NOK → -65.2k NOK (net margin -34.2% → -15.2%). Calculated
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↓
Equity eroded
Book equity 49.8k NOK → -15.4k NOK (equity ratio 44.5% → -14.3%). Calculated
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↓
Cash fell
Bank deposits 107.6k NOK → 103.2k NOK (-4.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.80× → 0.88× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -14.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 22.7k NOK → 2.25m NOK (25% → 525% of revenue). Calculated