ABEKA AS: årsregnskap 2019 vs 2018
Shrank 80% on revenue, stronger earnings
approved 2020-07-03; registry 2020-08-29; journal 2020 707949
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABEKA AS. Revenue 48.2k NOK → 9 500 NOK (-80.3%). Net result +538.4k NOK → +728.9k NOK. Equity 17.23m NOK → 19.21m NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABEKA AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +538.4k NOK → +728.9k NOK (net margin 1117.3% → 7672.2%). Calculated
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Equity strengthened
Book equity 17.23m NOK → 19.21m NOK (equity ratio 95.0% → 97.2%). Calculated
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Cash rose
Bank deposits 1.17m NOK → 3.51m NOK (+199.2% YoY). Calculated
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Payroll decreased
Salary cost 70.2k NOK → 2 NOK (146% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 48.2k NOK to 9 500 NOK (-80.3% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 15.56m NOK → 13.18m NOK. Reported fact