ABN SCANDINAVIA AS: årsregnskap 2019 vs 2018
Grew 24% on revenue, returned to profit, cash halved-plus
approved 2020-03-02; registry 2020-04-04; journal 2020 275606
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABN SCANDINAVIA AS. Revenue 61.97m NOK → 76.92m NOK (+24.1%). Net result -14.6k NOK → +3.07m NOK. Equity 4.50m NOK → 5.49m NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABN SCANDINAVIA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 61.97m NOK to 76.92m NOK (+24.1% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 14.6k NOK to a profit of 3.07m NOK. Calculated
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↑
Equity strengthened
Book equity 4.50m NOK → 5.49m NOK (equity ratio 26.9% → 40.2%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 13.04m NOK → 2.90m NOK (-77.8% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (13.04m NOK → 2.90m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 2.51m NOK → 3.01m NOK (4% → 4% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 52.16m NOK → 65.03m NOK (+24.7% YoY). Calculated