ABI AUTO AS: årsregnskap 2019 vs 2018
Shrank 13% on revenue
approved 2020-05-11; registry 2020-06-08; journal 2020 400335
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABI AUTO AS. Revenue 713.1k NOK → 621.3k NOK (-12.9%). Equity -57.6k NOK → -26.0k NOK.
On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABI AUTO AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -44.3k NOK → +19.8k NOK (op. margin -6.2% → 3.2%). Calculated
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↑
Equity strengthened
Book equity -57.6k NOK → -26.0k NOK (equity ratio -4.9% → -16.3%). Calculated
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↑
Cash rose
Bank deposits 826.6k NOK → 838.2k NOK (+1.4% YoY). Calculated
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↑
Payroll decreased
Salary cost 3.15m NOK → 3 NOK (442% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 713.1k NOK to 621.3k NOK (-12.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -16.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation