ABILD AS: årsregnskap 2019 vs 2018
Shrank 57% on revenue, slipped into loss, cash halved-plus
approved 2020-03-29; registry 2020-04-06; journal 2020 278095
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABILD AS. Revenue 2.82m NOK → 1.22m NOK (-57.0%). Net result +784.2k NOK → -182.9k NOK. Equity 8.31m NOK → 8.13m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ABILD AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 861.0k NOK → 702.2k NOK (30% → 58% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.82m NOK to 1.22m NOK (-57.0% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 784.2k NOK profit to a loss of 182.9k NOK. Calculated
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↓
Equity eroded
Book equity 8.31m NOK → 8.13m NOK (equity ratio 39.4% → 40.5%). Calculated
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↓
Cash fell
Bank deposits 5.75m NOK → 626.4k NOK (-89.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (5.75m NOK → 626.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 488.7k NOK → 8 740 NOK. Reported fact