ABEL CAPITAL MANAGEMENT AS: årsregnskap 2019 vs 2018
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2020-05-31; registry 2020-09-02; journal 2020 761512
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABEL CAPITAL MANAGEMENT AS. Revenue 87.2k NOK → 0 NOK (-100.0%). Net result -121.9k NOK → -6 526 NOK. Equity -86.9k NOK → -93.4k NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ABEL CAPITAL MANAGEMENT AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -121.9k NOK → -6 526 NOK. Calculated
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Payroll decreased
Salary cost 181.0k NOK → 181 NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 87.2k NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Equity eroded
Book equity -86.9k NOK → -93.4k NOK (equity ratio -969.8% → -3724.5%). Calculated
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↓
Cash fell
Bank deposits 8 959 NOK → 1 470 NOK (-83.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -3724.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 0 NOK → 1 038 NOK. Reported fact