FirmaIQ
Org.nr 998 019 729 2018 → 2019 Year-over-year analysis

ABS FREDRIKSTAD AS: årsregnskap 2019 vs 2018

Shrank 37% on revenue, slipped into loss

approved 2020-03-20; registry 2020-09-26; journal 2020 858555

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ABS FREDRIKSTAD AS. Revenue 4.63m NOK → 2.93m NOK (-36.8%). Net result +990.5k NOK → -289.9k NOK. Equity 12.59m NOK → 12.30m NOK.

On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
4.63m NOK 2.93m NOK
-36.8%
Operating result
+1 178 NOK -283.1k NOK
-24133.1%
Net result
+990.5k NOK -289.9k NOK
-129.3%
Equity
12.59m NOK 12.30m NOK
-2.3%
Cash
1 173 NOK 155.7k NOK
+13171.8%
Total assets
742.9k NOK 929.6k NOK
+25.1%

What improved

  • ↑

    Cash rose

    Bank deposits 1 173 NOK → 155.7k NOK (+13171.8% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.55× → 1.47×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 4.63m NOK to 2.93m NOK (-36.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1 178 NOK → -283.1k NOK (op. margin 0.0% → -9.7%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 990.5k NOK profit to a loss of 289.9k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 12.59m NOK → 12.30m NOK (equity ratio 1695.0% → 1323.4%). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 59.8k NOK → 99.7k NOK (+66.9% YoY). Calculated