ABU ENTREPRENØR AS: årsregnskap 2019 vs 2018
Grew 25% on revenue, weaker earnings
approved 2020-04-23; registry 2020-05-13; journal 2020 351332
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABU ENTREPRENØR AS. Revenue 3.20m NOK → 3.98m NOK (+24.5%). Net result +816.2k NOK → +466.9k NOK. Equity 225.5k NOK → 182.6k NOK.
On the constructive side: revenue rose. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ABU ENTREPRENØR AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 3.20m NOK to 3.98m NOK (+24.5% YoY). Calculated
What deteriorated
-
↓
Net result weakened
Net result +816.2k NOK → +466.9k NOK (net margin 25.5% → 11.7%). Calculated
-
↓
Equity eroded
Book equity 225.5k NOK → 182.6k NOK (equity ratio 12.6% → 9.8%). Calculated
-
↓
Cash fell
Bank deposits 218.4k NOK → 167.7k NOK (-23.2% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.02× → 0.71× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 9.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 2.49m NOK → 2.73m NOK (78% → 69% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 156.8k NOK → 15.9k NOK (-89.9% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 192.4k NOK → 649.4k NOK. Reported fact