ABLEMAGIC AS: årsregnskap 2019 vs 2018
Shrank 32% on revenue, stronger earnings
approved 2020-10-06; registry 2020-10-19; journal 2020 953513
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABLEMAGIC AS. Revenue 4.81m NOK → 3.29m NOK (-31.6%). Net result +112.9k NOK → +217.7k NOK. Equity 1.42m NOK → 1.64m NOK.
On the constructive side: net result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABLEMAGIC AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +112.9k NOK → +217.7k NOK (net margin 2.3% → 6.6%). Calculated
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Equity strengthened
Book equity 1.42m NOK → 1.64m NOK (equity ratio 54.6% → 59.7%). Calculated
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Payroll decreased
Salary cost 3.24m NOK → 2.02m NOK (67% → 61% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.81m NOK to 3.29m NOK (-31.6% YoY). Calculated
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Operating result weakened
Operating result +124.6k NOK → +27.0k NOK (op. margin 2.6% → 0.8%). Calculated
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Cash fell
Bank deposits 579.4k NOK → 529.6k NOK (-8.6% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 555.8k NOK → 124.8k NOK (-77.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 142.5k NOK → 182.5k NOK. Reported fact