ABEL FINANS AS: årsregnskap 2019 vs 2018
Grew 10% on revenue
approved 2020-06-29; registry 2020-07-29; journal 2020 621460
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABEL FINANS AS. Revenue 674.4k NOK → 741.9k NOK (+10.0%). Net result +420.2k NOK → +438.4k NOK. Equity 1.67m NOK → 2.11m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABEL FINANS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 674.4k NOK to 741.9k NOK (+10.0% YoY). Calculated
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↑
Operating result improved
Operating result +519.2k NOK → +558.9k NOK (op. margin 77.0% → 75.3%). Calculated
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↑
Equity strengthened
Book equity 1.67m NOK → 2.11m NOK (equity ratio 100.0% → 93.9%). Calculated
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↑
Cash rose
Bank deposits 359.1k NOK → 946.7k NOK (+163.6% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 57.24× → 0.24× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 574.5k NOK → 590.5k NOK. Reported fact