ABSOLUTE BAR AS: årsregnskap 2019 vs 2018
Grew 11% on revenue, stronger earnings, cash halved-plus
approved 2020-06-23; registry 2020-06-30; journal 2020 511965
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABSOLUTE BAR AS. Revenue 2.23m NOK → 2.47m NOK (+10.7%). Net result +46.9k NOK → +122.4k NOK. Equity 11.40m NOK → 11.17m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for ABSOLUTE BAR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.23m NOK to 2.47m NOK (+10.7% YoY). Calculated
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↑
Operating result improved
Operating result +71.9k NOK → +158.7k NOK (op. margin 3.2% → 6.4%). Calculated
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↑
Net result improved
Net result +46.9k NOK → +122.4k NOK (net margin 2.1% → 5.0%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 11.40m NOK → 11.17m NOK (equity ratio 1657.3% → 2753.3%). Calculated
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↓
Cash fell
Bank deposits 390.6k NOK → 186.8k NOK (-52.2% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 958.0k NOK → 600.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 852 NOK → 27.17m NOK (+3189084.5% YoY). Calculated