FirmaIQ
Org.nr 981 528 778 2018 → 2019 Year-over-year analysis

ABSOLUTESKILLS AS: årsregnskap 2019 vs 2018

Shrank 8% on revenue, weaker earnings

approved 2020-07-08; registry 2020-07-22; journal 2020 598490

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ABSOLUTESKILLS AS. Revenue 2.20m NOK → 2.01m NOK (-8.3%). Net result +374.7k NOK → +247.3k NOK. Equity 1.32m NOK → 1.57m NOK.

On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; net result weakened; payroll up without matching revenue.

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
2.20m NOK 2.01m NOK
-8.3%
Operating result
n/m +202.2k NOK
—
Net result
+374.7k NOK +247.3k NOK
-34.0%
Equity
1.32m NOK 1.57m NOK
+18.7%
Cash
1.60m NOK 1.62m NOK
+1.0%
Total assets
2.87m NOK 3.13m NOK
+9.2%

What improved

  • ↑

    Equity strengthened

    Book equity 1.32m NOK → 1.57m NOK (equity ratio 46.0% → 50.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.60m NOK → 1.62m NOK (+1.0% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.20m NOK to 2.01m NOK (-8.3% YoY). Calculated

  • ↓

    Net result weakened

    Net result +374.7k NOK → +247.3k NOK (net margin 17.1% → 12.3%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.06m NOK → 1.15m NOK (48% → 57% of revenue). Calculated