ABSOLUTE AS: årsregnskap 2019 vs 2018
Returned to profit, cash halved-plus
approved 2020-05-31; registry 2020-08-18; journal 2020 678560
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABSOLUTE AS. Net result -56.5k NOK → +138.4k NOK. Equity 1.01m NOK → 945.8k NOK.
On the constructive side: turned profitable. Pressures included: operating result weakened; equity eroded; cash fell.
Net tougher year on the published lines.
At a glance
Scorecard
Operating result
-10.9k NOK
-15.1k NOK
-38.6%
Net result
-56.5k NOK
+138.4k NOK
+344.9%
Equity
1.01m NOK
945.8k NOK
-6.1%
Cash
45.0k NOK
21.9k NOK
-51.4%
Total assets
1.15m NOK
1.95m NOK
+69.1%
What improved
-
↑
Turned profitable
Net result flipped from a loss of 56.5k NOK to a profit of 138.4k NOK. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -10.9k NOK → -15.1k NOK. Calculated
-
↓
Equity eroded
Book equity 1.01m NOK → 945.8k NOK (equity ratio 87.4% → 48.5%). Calculated
-
↓
Cash fell
Bank deposits 45.0k NOK → 21.9k NOK (-51.4% YoY). Calculated