ABELON TECHNOLOGY AS: årsregnskap 2019 vs 2018
Shrank 95% on revenue, weaker earnings
approved 2020-06-24; registry 2020-07-09; journal 2020 551858
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABELON TECHNOLOGY AS. Revenue 3.52m NOK → 159.9k NOK (-95.5%). Net result +530.6k NOK → +148.8k NOK. Equity 288.7k NOK → 437.5k NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABELON TECHNOLOGY AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 288.7k NOK → 437.5k NOK (equity ratio 23.6% → 9.8%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.10× → 40.19×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.52m NOK to 159.9k NOK (-95.5% YoY). Calculated
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↓
Net result weakened
Net result +530.6k NOK → +148.8k NOK (net margin 15.1% → 93.1%). Calculated
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↓
Cash fell
Bank deposits 97.3k NOK → 52.7k NOK (-45.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 592.5k NOK → 31.0k NOK (-94.8% YoY). Calculated