ABK MACHINES AS: årsregnskap 2019 vs 2018
Grew 22% on revenue, weaker earnings
approved 2020-08-31; registry 2020-09-26; journal 2020 860627
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABK MACHINES AS. Revenue 15.16m NOK → 18.46m NOK (+21.7%). Net result +668.5k NOK → +319.1k NOK.
On the constructive side: revenue rose. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABK MACHINES AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 15.16m NOK to 18.46m NOK (+21.7% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +668.5k NOK → +319.1k NOK (net margin 4.4% → 1.7%). Calculated
Things to notice
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·
Payroll increased
Salary cost 542.8k NOK → 914.6k NOK (4% → 5% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 13.56m NOK → 16.59m NOK (+22.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 50.0k NOK → 1 NOK. Reported fact