ABELNES MARINA HØVDING AS: årsregnskap 2019 vs 2018
Grew 205% on revenue, weaker earnings, cash halved-plus
approved 2020-06-02; registry 2020-06-13; journal 2020 429547
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABELNES MARINA HØVDING AS. Revenue 106.0k NOK → 323.3k NOK (+205.0%). Net result -23.8k NOK → -464.1k NOK. Equity 30.0k NOK → 6 176 NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ABELNES MARINA HØVDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 106.0k NOK to 323.3k NOK (+205.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -23.8k NOK → -464.1k NOK (op. margin -22.5% → -143.6%). Calculated
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↓
Net result weakened
Net result -23.8k NOK → -464.1k NOK (net margin -22.5% → -143.6%). Calculated
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↓
Equity eroded
Book equity 30.0k NOK → 6 176 NOK (equity ratio 35.2% → -5.4%). Calculated
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↓
Cash fell
Bank deposits 19.8k NOK → -145.3k NOK (-834.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -5.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 29.7k NOK → 4.64m NOK (28% → 1437% of revenue). Calculated