ABLE AS: årsregnskap 2019 vs 2018
Grew 96% on revenue, weaker earnings
approved 2020-04-29; registry 2020-05-14; journal 2020 355521
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABLE AS. Revenue 6.78m NOK → 13.26m NOK (+95.7%). Net result +9.12m NOK → +154.6k NOK. Equity 1.21m NOK → 1.37m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ABLE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.78m NOK to 13.26m NOK (+95.7% YoY). Calculated
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↑
Operating result improved
Operating result +235.8k NOK → +237.9k NOK (op. margin 3.5% → 1.8%). Calculated
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↑
Equity strengthened
Book equity 1.21m NOK → 1.37m NOK (equity ratio 25.3% → 28.5%). Calculated
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↑
Cash rose
Bank deposits 1 878 NOK → 1.90m NOK (+101292.9% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 1.32×. Calculated
What deteriorated
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↓
Net result weakened
Net result +9.12m NOK → +154.6k NOK (net margin 134.6% → 1.2%). Calculated
Things to notice
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·
Payroll increased
Salary cost 4.58m NOK → 5.72m NOK (68% → 43% of revenue). Calculated