ABL NORWAY AS: årsregnskap 2019 vs 2018
Shrank 31% on revenue, weaker earnings
approved 2020-06-15; registry 2020-07-18; journal 2020 585366
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABL NORWAY AS. Revenue 26.08m NOK → 18.06m NOK (-30.7%). Net result -1.17m NOK → -5.64m NOK. Equity -1.84m NOK → -7.49m NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABL NORWAY AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +576 NOK → +4 210 NOK (op. margin 0.0% → 0.0%). Calculated
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Payroll decreased
Salary cost 11.93m NOK → 10.64m NOK (46% → 59% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 26.08m NOK to 18.06m NOK (-30.7% YoY). Calculated
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↓
Net result weakened
Net result -1.17m NOK → -5.64m NOK (net margin -4.5% → -31.2%). Calculated
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↓
Equity eroded
Book equity -1.84m NOK → -7.49m NOK (equity ratio -12.7% → -60.7%). Calculated
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Cash fell
Bank deposits 2.59m NOK → 1.41m NOK (-45.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -60.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 11.79m NOK → 7.92m NOK (-32.8% YoY). Calculated