ABK TEKNIKK AS: årsregnskap 2019 vs 2018
Shrank 54% on revenue, weaker earnings
approved 2020-03-16; registry 2020-05-06; journal 2020 330422
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABK TEKNIKK AS. Revenue 7.14m NOK → 3.28m NOK (-54.1%). Net result +266.9k NOK → +24.2k NOK. Equity 276.8k NOK → 301.0k NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABK TEKNIKK AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 276.8k NOK → 301.0k NOK (equity ratio 17.9% → 22.4%). Calculated
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↑
Cash rose
Bank deposits 19.0k NOK → 377.7k NOK (+1884.6% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.01× → 1.02×. Calculated
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↑
Payroll decreased
Salary cost 3.35m NOK → 2.30m NOK (47% → 70% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.14m NOK to 3.28m NOK (-54.1% YoY). Calculated
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↓
Operating result weakened
Operating result +304.4k NOK → +41.4k NOK (op. margin 4.3% → 1.3%). Calculated
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↓
Net result weakened
Net result +266.9k NOK → +24.2k NOK (net margin 3.7% → 0.7%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.49m NOK → 72.5k NOK (-95.1% YoY). Calculated