ABM SALG AS: årsregnskap 2019 vs 2018
Grew 29% on revenue, stronger earnings, fresh owner capital
approved 2020-05-29; registry 2020-10-03; journal 2020 899389
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABM SALG AS. Revenue 5.12m NOK → 6.63m NOK (+29.4%). Net result +99.3k NOK → +650.5k NOK. Equity 280.1k NOK → 79.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ABM SALG AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.12m NOK to 6.63m NOK (+29.4% YoY). Calculated
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Operating result improved
Operating result +198.6k NOK → +571.6k NOK (op. margin 3.9% → 8.6%). Calculated
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Net result improved
Net result +99.3k NOK → +650.5k NOK (net margin 1.9% → 9.8%). Calculated
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Cash rose
Bank deposits 83.1k NOK → 106.8k NOK (+28.6% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.92× → 2.21×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 280.1k NOK → 79.6k NOK (equity ratio 7.0% → 1.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 175.1k NOK → 3.27m NOK (+1765.6% YoY). Calculated