ABSOLUTT SPORTSREISER AS: årsregnskap 2019 vs 2018
Shrank 82% on revenue
approved 2020-06-19; registry 2020-06-27; journal 2020 497583
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABSOLUTT SPORTSREISER AS. Revenue 538.2k NOK → 95.8k NOK (-82.2%). Equity 47.6k NOK → 49.8k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABSOLUTT SPORTSREISER AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 47.6k NOK → 49.8k NOK (equity ratio 5.2% → 2.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 538.2k NOK to 95.8k NOK (-82.2% YoY). Calculated
-
↓
Operating result weakened
Operating result +14.5k NOK → +3 218 NOK (op. margin 2.7% → 3.4%). Calculated
-
↓
Cash fell
Bank deposits 649.9k NOK → 426.6k NOK (-34.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation