ABRACADABRAMAT AS: årsregnskap 2019 vs 2018
Shrank 19% on revenue, returned to profit
approved 2020-03-25; registry 2020-04-06; journal 2020 279071
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABRACADABRAMAT AS. Revenue 1.80m NOK → 1.45m NOK (-19.2%). Net result -227.8k NOK → +9 169 NOK. Equity -127.8k NOK → 231.3k NOK.
On the constructive side: turned profitable; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; cash fell.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABRACADABRAMAT AS.
At a glance
Scorecard
What improved
-
↑
Turned profitable
Net result flipped from a loss of 227.8k NOK to a profit of 9 169 NOK. Calculated
-
↑
Equity strengthened
Book equity -127.8k NOK → 231.3k NOK (equity ratio -16.7% → 45.3%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.69× → 1.48×. Calculated
-
↑
Payroll decreased
Salary cost 878.9k NOK → 2 NOK (49% → 0% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.80m NOK to 1.45m NOK (-19.2% YoY). Calculated
-
↓
Cash fell
Bank deposits 371.4k NOK → 255.7k NOK (-31.2% YoY). Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 450 NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 666.9k NOK → 386.1k NOK (-42.1% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 66.7k NOK → 40.0k NOK. Reported fact