ABRAZO AS: årsregnskap 2019 vs 2018
Grew 65% on revenue, stronger earnings, cash halved-plus
approved 2020-04-03; registry 2020-04-11; journal 2020 283659
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABRAZO AS. Revenue 55.2k NOK → 90.9k NOK (+64.5%). Net result +45.9k NOK → +84.0k NOK. Equity 94.2k NOK → 178.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABRAZO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 55.2k NOK to 90.9k NOK (+64.5% YoY). Calculated
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Operating result improved
Operating result +38.9k NOK → +75.1k NOK (op. margin 70.5% → 82.7%). Calculated
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Net result improved
Net result +45.9k NOK → +84.0k NOK (net margin 83.0% → 92.4%). Calculated
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↑
Equity strengthened
Book equity 94.2k NOK → 178.1k NOK (equity ratio 7.1% → 9.8%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 41.4k NOK → 16.9k NOK (-59.3% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 973.2k NOK → 1.47m NOK. Reported fact