ABEL BB AS: årsregnskap 2019 vs 2018
Stronger earnings, cash halved-plus
approved 2020-06-17; registry 2020-07-29; journal 2020 629088
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABEL BB AS. Revenue 178.6k NOK → 187.1k NOK (+4.8%). Net result +3 NOK → +150.9k NOK. Equity 167.9k NOK → 17.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ABEL BB AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 178.6k NOK to 187.1k NOK (+4.8% YoY). Calculated
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↑
Operating result improved
Operating result -158.0k NOK → -150.9k NOK (op. margin -88.4% → -80.7%). Calculated
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↑
Net result improved
Net result +3 NOK → +150.9k NOK (net margin 0.0% → 80.6%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 167.9k NOK → 17.0k NOK (equity ratio 73.6% → 19.2%). Calculated
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↓
Cash fell
Bank deposits 221.4k NOK → 77.2k NOK (-65.1% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1 231 NOK → 231.4k NOK (1% → 124% of revenue). Calculated