FirmaIQ
Org.nr 911 366 274 2018 → 2019 Year-over-year analysis

ABO AS: årsregnskap 2019 vs 2018

Stronger earnings, cash halved-plus

approved 2020-05-04; registry 2020-09-01; journal 2020 725527

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ABO AS. Net result +94.7k NOK → +121.0k NOK. Equity 15.53m NOK → 13.65m NOK.

On the constructive side: operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ABO AS.

At a glance

Scorecard

Operating result
-42.0k NOK -9 247 NOK
+78.0%
Net result
+94.7k NOK +121.0k NOK
+27.7%
Equity
15.53m NOK 13.65m NOK
-12.1%
Cash
2.12m NOK 746.3k NOK
-64.9%
Total assets
17.03m NOK 15.65m NOK
-8.1%

What improved

  • ↑

    Operating result improved

    Operating result -42.0k NOK → -9 247 NOK. Calculated

  • ↑

    Net result improved

    Net result +94.7k NOK → +121.0k NOK. Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 15.53m NOK → 13.65m NOK (equity ratio 91.2% → 87.2%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.12m NOK → 746.3k NOK (-64.9% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 4.25× → 0.37× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (2.12m NOK → 746.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation