FirmaIQ
Org.nr 998 605 415 2018 → 2019 Year-over-year analysis

ABSTREKER AS: årsregnskap 2019 vs 2018

Shrank 100% on revenue, slipped into loss, cash halved-plus

approved 2020-06-02; registry 2020-06-04; journal 2020 427751

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ABSTREKER AS. Revenue 280.7k NOK → 280 NOK (-99.9%). Net result +9 271 NOK → -29.0k NOK. Equity -615.3k NOK → -644.3k NOK.

Pressures included: revenue fell; fell into a net loss; equity eroded.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABSTREKER AS.

At a glance

Scorecard

Revenue
280.7k NOK 280 NOK
-99.9%
Operating result
n/m -28.8k NOK
—
Net result
+9 271 NOK -29.0k NOK
-412.5%
Equity
-615.3k NOK -644.3k NOK
-4.7%
Cash
6 962 NOK 878 NOK
-87.4%
Total assets
6 962 NOK 878 NOK
-87.4%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 280.7k NOK to 280 NOK (-99.9% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 9 271 NOK profit to a loss of 29.0k NOK. Calculated

  • ↓

    Equity eroded

    Book equity -615.3k NOK → -644.3k NOK (equity ratio -8838.2% → -73380.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 6 962 NOK → 878 NOK (-87.4% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -73380.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 191.7k NOK → 191 NOK (-99.9% YoY). Calculated