ABEL CONSULT AS: årsregnskap 2019 vs 2018
Shrank 61% on revenue, cash halved-plus
approved 2020-06-30; registry 2020-09-02; journal 2020 769854
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABEL CONSULT AS. Revenue 364.4k NOK → 140.4k NOK (-61.5%). Equity 425.1k NOK → 318.3k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
364.4k NOK
140.4k NOK
-61.5%
Operating result
n/m
-6 972 NOK
—
Net result
n/m
-6 863 NOK
—
Equity
425.1k NOK
318.3k NOK
-25.1%
Cash
259.6k NOK
116.5k NOK
-55.1%
Total assets
769.4k NOK
626.3k NOK
-18.6%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 364.4k NOK to 140.4k NOK (-61.5% YoY). Calculated
-
↓
Equity eroded
Book equity 425.1k NOK → 318.3k NOK (equity ratio 55.3% → 50.8%). Calculated
-
↓
Cash fell
Bank deposits 259.6k NOK → 116.5k NOK (-55.1% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.25× → 0.65× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated