ABELLO AS: årsregnskap 2019 vs 2018
Slipped into loss, cash halved-plus
approved 2020-11-30; registry 2021-01-09; journal 2021 105688
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABELLO AS. Revenue 2.23m NOK → 2.24m NOK (+0.2%). Net result +433.3k NOK → -223.5k NOK. Equity 12.22m NOK → -2 984 NOK.
On the constructive side: revenue rose. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABELLO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.23m NOK to 2.24m NOK (+0.2% YoY). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 433.3k NOK profit to a loss of 223.5k NOK. Calculated
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↓
Equity eroded
Book equity 12.22m NOK → -2 984 NOK (equity ratio 1669.1% → -0.4%). Calculated
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↓
Cash fell
Bank deposits 184.4k NOK → 60.2k NOK (-67.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.15× → 0.69× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -0.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 380.5k NOK → 69.1k NOK (-81.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 33.9k NOK → 116.9k NOK. Reported fact