ABOT AS: årsregnskap 2019 vs 2018
Shrank 66% on revenue, slipped into loss, cash halved-plus
approved 2020-06-11; registry 2020-07-04; journal 2020 526953
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABOT AS. Revenue 53.05m NOK → 17.96m NOK (-66.1%). Net result +882.6k NOK → -2.51m NOK. Equity 756.1k NOK → -1.75m NOK.
On the constructive side: owners injected capital. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ABOT AS.
At a glance
Scorecard
What improved
-
↑
Owners injected capital
Paid-in equity rose 200.0k NOK → 1.20m NOK (+1.00m NOK). Reported fact
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 53.05m NOK to 17.96m NOK (-66.1% YoY). Calculated
-
↓
Fell into a net loss
Net result flipped from 882.6k NOK profit to a loss of 2.51m NOK. Calculated
-
↓
Equity eroded
Book equity 756.1k NOK → -1.75m NOK (equity ratio 5.3% → -47.9%). Calculated
-
↓
Cash fell
Bank deposits 1.11m NOK → 334.1k NOK (-70.0% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -47.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.11m NOK → 334.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
COGS fell
COGS / varekostnad 36.30m NOK → 9.56m NOK (-73.7% YoY). Calculated