ABERIA UNG AS: årsregnskap 2019 vs 2018
Grew 36% on revenue, stronger earnings, cash halved-plus
approved 2020-08-31; registry 2020-09-28; journal 2020 870451
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABERIA UNG AS. Revenue 134.37m NOK → 182.15m NOK (+35.6%). Net result +2 018 NOK → +7.77m NOK. Equity 9.50m NOK → 3.03m NOK.
On the constructive side: revenue rose; net result improved; owners injected capital. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for ABERIA UNG AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 134.37m NOK to 182.15m NOK (+35.6% YoY). Calculated
-
↑
Net result improved
Net result +2 018 NOK → +7.77m NOK (net margin 0.0% → 4.3%). Calculated
-
↑
Owners injected capital
Paid-in equity rose 2.50m NOK → 3.03m NOK (+529.9k NOK). Reported fact
What deteriorated
-
↓
Equity eroded
Book equity 9.50m NOK → 3.03m NOK (equity ratio 25.7% → 6.8%). Calculated
-
↓
Cash fell
Bank deposits 21.19m NOK → 106.3k NOK (-99.5% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 6.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (21.19m NOK → 106.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Payroll increased
Salary cost 92.60m NOK → 11.13bn NOK (69% → 6110% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 8.61m NOK → 10.60m NOK (+23.2% YoY). Calculated