ABIRAMY CASH & CARRY AS: årsregnskap 2019 vs 2018
Grew 13% on revenue, stronger earnings
approved 2020-02-21; registry 2020-03-16; journal 2020 243020
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABIRAMY CASH & CARRY AS. Revenue 16.11m NOK → 18.23m NOK (+13.2%). Net result -1.57m NOK → -510.1k NOK. Equity -1.30m NOK → -1.81m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ABIRAMY CASH & CARRY AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 16.11m NOK to 18.23m NOK (+13.2% YoY). Calculated
-
↑
Operating result improved
Operating result -1.55m NOK → -470.2k NOK (op. margin -9.6% → -2.6%). Calculated
-
↑
Net result improved
Net result -1.57m NOK → -510.1k NOK (net margin -9.7% → -2.8%). Calculated
-
↑
Payroll decreased
Salary cost 3.00m NOK → 2.78m NOK (19% → 15% of revenue). Calculated
What deteriorated
-
↓
Equity eroded
Book equity -1.30m NOK → -1.81m NOK (equity ratio -64.1% → -101.7%). Calculated
-
↓
Cash fell
Bank deposits 379.1k NOK → 209.6k NOK (-44.7% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -101.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS moved
COGS / varekostnad 12.59m NOK → 14.38m NOK (+14.2% YoY). Calculated