ABRA BESLAG AS: årsregnskap 2019 vs 2018
Weaker earnings, cash halved-plus
approved 2020-07-02; registry 2020-09-02; journal 2020 726091
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABRA BESLAG AS. Revenue 14.60m NOK → 15.10m NOK (+3.4%). Net result +255.9k NOK → +92.6k NOK. Equity 2.72m NOK → 2.82m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ABRA BESLAG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 14.60m NOK to 15.10m NOK (+3.4% YoY). Calculated
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↑
Operating result improved
Operating result +60.8k NOK → +165.6k NOK (op. margin 0.4% → 1.1%). Calculated
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↑
Equity strengthened
Book equity 2.72m NOK → 2.82m NOK (equity ratio 43.1% → 38.8%). Calculated
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↑
Payroll decreased
Salary cost 6.42m NOK → 5.97m NOK (44% → 40% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +255.9k NOK → +92.6k NOK (net margin 1.8% → 0.6%). Calculated
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↓
Cash fell
Bank deposits 313.7k NOK → 96.9k NOK (-69.1% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 6.28m NOK → 6.78m NOK (+7.8% YoY). Calculated