FirmaIQ
Org.nr 922 105 243 2018 → 2019 Year-over-year analysis

ABOVEIT AS: årsregnskap 2019 vs 2018

Grew 2850% on revenue

approved 2020-05-07; registry 2020-05-12; journal 2020 348338

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ABOVEIT AS. Revenue 461 NOK → 13.6k NOK (+2849.7%). Net result +742 NOK → +3 311 NOK. Equity 0 NOK → 3.84m NOK.

On the constructive side: revenue rose; net result improved; equity strengthened.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ABOVEIT AS.

At a glance

Scorecard

Revenue
461 NOK 13.6k NOK
+2849.7%
Operating result
n/m +518.9k NOK
—
Net result
+742 NOK +3 311 NOK
+346.2%
Equity
0 NOK 3.84m NOK
—
Cash
558 NOK 3 121 NOK
+459.3%
Total assets
0 NOK 8.16m NOK
—

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 461 NOK to 13.6k NOK (+2849.7% YoY). Calculated

  • ↑

    Net result improved

    Net result +742 NOK → +3 311 NOK (net margin 161.0% → 24.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 0 NOK → 3.84m NOK. Calculated

  • ↑

    Cash rose

    Bank deposits 558 NOK → 3 121 NOK (+459.3% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.96× → 1871.02×. Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 668 NOK → 11.4k NOK (145% → 84% of revenue). Calculated