ABRIX AS: årsregnskap 2019 vs 2018
Shrank 15% on revenue, stronger earnings, cash halved-plus
approved 2020-07-24; registry 2020-08-03; journal 2020 642242
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABRIX AS. Revenue 658.1k NOK → 559.5k NOK (-15.0%). Net result +177.9k NOK → +273.2k NOK. Equity 690.5k NOK → 963.6k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABRIX AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +224.3k NOK → +349.9k NOK (op. margin 34.1% → 62.5%). Calculated
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↑
Net result improved
Net result +177.9k NOK → +273.2k NOK (net margin 27.0% → 48.8%). Calculated
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↑
Equity strengthened
Book equity 690.5k NOK → 963.6k NOK (equity ratio 79.2% → 198.3%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 658.1k NOK to 559.5k NOK (-15.0% YoY). Calculated
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↓
Cash fell
Bank deposits 667.0k NOK → 184.8k NOK (-72.3% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 197.5k NOK → 196.0k NOK. Reported fact