ABG BUSINESS MANAGEMENT AS: årsregnskap 2019 vs 2018
Shrank 90% on revenue, returned to profit
approved 2020-08-21; registry 2020-08-31; journal 2020 717159
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABG BUSINESS MANAGEMENT AS. Revenue 313.7k NOK → 30.9k NOK (-90.2%). Net result -260.0k NOK → +738.9k NOK. Equity 102.5k NOK → 841.4k NOK.
On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: revenue fell; payroll up without matching revenue.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
-
↑
Turned profitable
Net result flipped from a loss of 260.0k NOK to a profit of 738.9k NOK. Calculated
-
↑
Equity strengthened
Book equity 102.5k NOK → 841.4k NOK (equity ratio 44.7% → 117.4%). Calculated
-
↑
Cash rose
Bank deposits 181.7k NOK → 592.7k NOK (+226.3% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 313.7k NOK to 30.9k NOK (-90.2% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 416.6k NOK → 569.4k NOK (133% → 1846% of revenue). Calculated