ABEL DESIGN KJØKKEN & GARDEROBE AS: årsregnskap 2019 vs 2018
Shrank 71% on revenue, cash halved-plus
approved 2020-06-23; registry 2020-07-01; journal 2020 525733
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABEL DESIGN KJØKKEN & GARDEROBE AS. Revenue 403.7k NOK → 118.6k NOK (-70.6%). Equity 76.6k NOK → -91.0k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABEL DESIGN KJØKKEN & GARDEROBE AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 403.7k NOK to 118.6k NOK (-70.6% YoY). Calculated
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↓
Equity eroded
Book equity 76.6k NOK → -91.0k NOK (equity ratio 27.6% → -51.7%). Calculated
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↓
Cash fell
Bank deposits 31.5k NOK → 800 NOK (-97.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -51.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 175.5k NOK → 84.3k NOK (-52.0% YoY). Calculated