ABRY & KAVANAGH DESIGN AS: årsregnskap 2019 vs 2018
Shrank 17% on revenue, weaker earnings
approved 2020-06-17; registry 2020-06-29; journal 2020 506699
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABRY & KAVANAGH DESIGN AS. Revenue 2.24m NOK → 1.85m NOK (-17.3%). Net result +63.4k NOK → +5 660 NOK. Equity 590.6k NOK → 596.3k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABRY & KAVANAGH DESIGN AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 590.6k NOK → 596.3k NOK (equity ratio 1885.8% → 46.9%). Calculated
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↑
Payroll decreased
Salary cost 1.73m NOK → 1.43m NOK (77% → 77% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.24m NOK to 1.85m NOK (-17.3% YoY). Calculated
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↓
Operating result weakened
Operating result +60.8k NOK → +4 713 NOK (op. margin 2.7% → 0.3%). Calculated
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↓
Net result weakened
Net result +63.4k NOK → +5 660 NOK (net margin 2.8% → 0.3%). Calculated
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↓
Cash fell
Bank deposits 167.6k NOK → 106.4k NOK (-36.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.17× → 0.45× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 40.1k NOK → 22.1k NOK (-44.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 12.2k NOK → 2 500 NOK. Reported fact