FirmaIQ
Org.nr 992 053 534 2018 → 2019 Year-over-year analysis

ABEL MEYERSGATE 2 AS: årsregnskap 2019 vs 2018

Shrank 40% on revenue, slipped into loss, cash halved-plus

approved 2020-06-15; registry 2020-09-14; journal 2020 807325

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ABEL MEYERSGATE 2 AS. Revenue 440.8k NOK → 263.2k NOK (-40.3%). Net result +115.5k NOK → -17.4k NOK. Equity 163.6k NOK → 146.3k NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABEL MEYERSGATE 2 AS.

At a glance

Scorecard

Revenue
440.8k NOK 263.2k NOK
-40.3%
Operating result
+200.1k NOK +28.5k NOK
-85.8%
Net result
+115.5k NOK -17.4k NOK
-115.0%
Equity
163.6k NOK 146.3k NOK
-10.6%
Cash
142.4k NOK 32.7k NOK
-77.1%
Total assets
2.39m NOK 2.28m NOK
-4.4%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 440.8k NOK to 263.2k NOK (-40.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +200.1k NOK → +28.5k NOK (op. margin 45.4% → 10.8%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 115.5k NOK profit to a loss of 17.4k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 163.6k NOK → 146.3k NOK (equity ratio 6.9% → 6.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 142.4k NOK → 32.7k NOK (-77.1% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 6.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation