ABS FREMOVER AS: årsregnskap 2019 vs 2018
Grew 26% on revenue, stronger earnings
approved 2019-12-31; registry 2020-10-01; journal 2020 891940
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABS FREMOVER AS. Revenue 60.4k NOK → 76.3k NOK (+26.4%). Net result +31 NOK → +249.0k NOK. Equity 30.0k NOK → 4.28m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABS FREMOVER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 60.4k NOK to 76.3k NOK (+26.4% YoY). Calculated
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Net result improved
Net result +31 NOK → +249.0k NOK (net margin 0.1% → 326.4%). Calculated
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↑
Equity strengthened
Book equity 30.0k NOK → 4.28m NOK (equity ratio 9.2% → 798.6%). Calculated
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Cash rose
Bank deposits 31.0k NOK → 39.5k NOK (+27.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.12× → 16.32×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +32.0k NOK → -61.4k NOK (op. margin 53.1% → -80.6%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 289.6k NOK → 9 900 NOK. Reported fact