ABILITY GROUP AS: årsregnskap 2019 vs 2018
Weaker earnings, cash halved-plus
approved 2020-08-28; registry 2020-09-19; journal 2020 834386
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABILITY GROUP AS. Net result -47.0k NOK → -81.3k NOK. Equity -439.6k NOK → -520.9k NOK.
On the constructive side: operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABILITY GROUP AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -67.8k NOK → -66.8k NOK. Calculated
What deteriorated
-
↓
Net result weakened
Net result -47.0k NOK → -81.3k NOK. Calculated
-
↓
Equity eroded
Book equity -439.6k NOK → -520.9k NOK (equity ratio -194.7% → -350.1%). Calculated
-
↓
Cash fell
Bank deposits 34.8k NOK → 13.9k NOK (-60.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -350.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation