ABES TRAFIKKSKOLE AS: årsregnskap 2019 vs 2018
Grew 8% on revenue, stronger earnings
approved 2020-09-30; registry 2020-10-10; journal 2020 922468
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABES TRAFIKKSKOLE AS. Revenue 11.52m NOK → 12.42m NOK (+7.8%). Net result +247.0k NOK → +481.7k NOK. Equity 612.8k NOK → 94.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABES TRAFIKKSKOLE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 11.52m NOK to 12.42m NOK (+7.8% YoY). Calculated
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Operating result improved
Operating result +411.2k NOK → +703.0k NOK (op. margin 3.6% → 5.7%). Calculated
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Net result improved
Net result +247.0k NOK → +481.7k NOK (net margin 2.1% → 3.9%). Calculated
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Cash rose
Bank deposits 1 164 NOK → 1.32m NOK (+113023.7% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 612.8k NOK → 94.5k NOK (equity ratio 17.2% → 1.8%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 1.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 6.42m NOK → 6.95m NOK (56% → 56% of revenue). Calculated
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COGS moved
COGS / varekostnad 456.5k NOK → 499.6k NOK (+9.4% YoY). Calculated