ABD ELEKTRO AS: årsregnskap 2019 vs 2018
Stronger earnings, cash halved-plus
approved 2020-09-22; registry 2020-09-26; journal 2020 866373
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABD ELEKTRO AS. Revenue 0 NOK → 7.77m NOK. Net result +12.4k NOK → +6.42m NOK. Equity 374.1k NOK → 786.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ABD ELEKTRO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 0 NOK to 7.77m NOK. Calculated
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↑
Operating result improved
Operating result +12.4k NOK → +541.0k NOK. Calculated
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↑
Net result improved
Net result +12.4k NOK → +6.42m NOK. Calculated
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↑
Equity strengthened
Book equity 374.1k NOK → 786.6k NOK (equity ratio 93.3% → 620.3%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 400.0k NOK → 1 172 NOK (-99.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 14.93× → 0.09× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 386.5k NOK → 400 NOK — check capital reduction, conversion, or reclassification. Interpretation