Org.nr 984 204 442 2018 → 2019 Year-over-year analysis

ABSYN HOLDING AS: årsregnskap 2019 vs 2018

Stronger earnings, cash halved-plus

approved 2020-05-08; registry 2020-06-16; journal 2020 444314

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ABSYN HOLDING AS. Net result +637.3k NOK → +1.12m NOK. Equity 7.29m NOK → 8.09m NOK.

On the constructive side: net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABSYN HOLDING AS.

At a glance

Revenue

1.46m NOK n/m

—

Operating result

+519.1k NOK +404.8k NOK

-22.0%

Net result

+637.3k NOK +1.12m NOK

+75.3%

Equity

7.29m NOK 8.09m NOK

+11.1%

Cash

259.8k NOK 54.0k NOK

-79.2%

Total assets

7.60m NOK 8.41m NOK

+10.7%

↑
Net result improved

Net result +637.3k NOK → +1.12m NOK. Calculated
↑
Equity strengthened

Book equity 7.29m NOK → 8.09m NOK (equity ratio 95.9% → 96.2%). Calculated

↓
Operating result weakened

Operating result +519.1k NOK → +404.8k NOK. Calculated
↓
Cash fell

Bank deposits 259.8k NOK → 54.0k NOK (-79.2% YoY). Calculated

·
COGS fell

COGS / varekostnad 611.5k NOK → 220.7k NOK (-63.9% YoY). Calculated
·
Book investments changed

Investment / intangible book value 74.7k NOK → 1 NOK. Reported fact