ABLECON AS: årsregnskap 2019 vs 2018
Stronger earnings, cash halved-plus
approved 2020-08-31; registry 2020-09-17; journal 2020 824165
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABLECON AS. Revenue 4.93m NOK → 5.02m NOK (+1.9%). Net result +26.3k NOK → +772.7k NOK. Equity 1.69m NOK → 2.46m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABLECON AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.93m NOK to 5.02m NOK (+1.9% YoY). Calculated
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↑
Net result improved
Net result +26.3k NOK → +772.7k NOK (net margin 0.5% → 15.4%). Calculated
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↑
Equity strengthened
Book equity 1.69m NOK → 2.46m NOK (equity ratio 19.2% → 23.2%). Calculated
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↑
Payroll decreased
Salary cost 1.44m NOK → 998.4k NOK (29% → 20% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 4.61m NOK → 496.6k NOK (-89.2% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (4.61m NOK → 496.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 1 131 NOK → 836.7k NOK (+73877.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 161.7k NOK → 209.1k NOK. Reported fact