ABLY MEDICAL AS: årsregnskap 2019 vs 2018
Grew 2079% on revenue, cash halved-plus
approved 2020-09-28; registry 2020-10-15; journal 2020 943828
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABLY MEDICAL AS. Revenue 135.8k NOK → 2.96m NOK (+2079.0%). Equity 13.45m NOK → 13.63m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ABLY MEDICAL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 135.8k NOK to 2.96m NOK (+2079.0% YoY). Calculated
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↑
Operating result improved
Operating result +481 NOK → +24.5k NOK (op. margin 0.4% → 0.8%). Calculated
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↑
Equity strengthened
Book equity 13.45m NOK → 13.63m NOK (equity ratio 75.8% → 52.2%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 11.51m NOK → 1.46m NOK (-87.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.63× → 0.72× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (11.51m NOK → 1.46m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 41.64m NOK → 2.06m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 1.16m NOK → 1.42m NOK. Reported fact