ABETOR INVEST AS: årsregnskap 2019 vs 2018
Shrank 56% on revenue, cash halved-plus
approved 2020-04-28; registry 2020-05-06; journal 2020 331210
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABETOR INVEST AS. Revenue 420.3k NOK → 183.3k NOK (-56.4%). Equity 2.54m NOK → 2.37m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABETOR INVEST AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 65.5k NOK → 9 545 NOK (16% → 5% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 420.3k NOK to 183.3k NOK (-56.4% YoY). Calculated
-
↓
Operating result weakened
Operating result +355.1k NOK → +130.2k NOK (op. margin 84.5% → 71.0%). Calculated
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↓
Equity eroded
Book equity 2.54m NOK → 2.37m NOK (equity ratio 97.7% → 78.4%). Calculated
-
↓
Cash fell
Bank deposits 294.3k NOK → 84.4k NOK (-71.3% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 132.0k NOK → 2.29m NOK. Reported fact