ABEL EIENDOMSFORVALTNING AS: årsregnskap 2019 vs 2018
Grew 13% on revenue, stronger earnings, cash halved-plus
approved 2020-07-03; registry 2020-09-21; journal 2020 838698
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABEL EIENDOMSFORVALTNING AS. Revenue 8.35m NOK → 9.45m NOK (+13.1%). Net result +610.1k NOK → +2.71m NOK. Equity 2.83m NOK → 3.48m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ABEL EIENDOMSFORVALTNING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 8.35m NOK to 9.45m NOK (+13.1% YoY). Calculated
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Net result improved
Net result +610.1k NOK → +2.71m NOK (net margin 7.3% → 28.7%). Calculated
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Equity strengthened
Book equity 2.83m NOK → 3.48m NOK (equity ratio 14.8% → 23.2%). Calculated
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Current ratio back above 1×
Current ratio 0.14× → 1.51×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +850.7k NOK → +632.2k NOK (op. margin 10.2% → 6.7%). Calculated
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↓
Cash fell
Bank deposits 594.2k NOK → 33.0k NOK (-94.4% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 34.4k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 5.02m NOK → 5.86m NOK (60% → 62% of revenue). Calculated