ABG PAYMENT SYSTEMS AS: årsregnskap 2019 vs 2018
Weaker earnings, fresh owner capital
approved 2021-06-10; registry 2021-06-14; journal 2021 420463
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABG PAYMENT SYSTEMS AS. Revenue 0 NOK → 275.9k NOK. Net result -20.0k NOK → -65.3k NOK. Equity 4 420 NOK → 0 NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABG PAYMENT SYSTEMS AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 0 NOK to 275.9k NOK. Calculated
-
↑
Owners injected capital
Paid-in equity rose 24.4k NOK → 30.0k NOK (+5 570 NOK). Reported fact
What deteriorated
-
↓
Operating result weakened
Operating result +27.2k NOK → -65.3k NOK. Calculated
-
↓
Net result weakened
Net result -20.0k NOK → -65.3k NOK. Calculated
-
↓
Equity eroded
Book equity 4 420 NOK → 0 NOK (equity ratio 31.7% → 0.0%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation