ABX FRITID AS: årsregnskap 2019 vs 2018
Grew 207% on revenue, slipped into loss
approved 2020-08-29; registry 2020-09-22; journal 2020 849098
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABX FRITID AS. Revenue 141.5k NOK → 434.0k NOK (+206.7%). Net result +17.6k NOK → -26.2k NOK. Equity 25.4k NOK → -755 NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ABX FRITID AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 141.5k NOK to 434.0k NOK (+206.7% YoY). Calculated
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↑
Cash rose
Bank deposits 215 NOK → 16.1k NOK (+7381.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +17.5k NOK → -26.2k NOK (op. margin 12.4% → -6.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 17.6k NOK profit to a loss of 26.2k NOK. Calculated
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↓
Equity eroded
Book equity 25.4k NOK → -755 NOK (equity ratio 45.5% → -0.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.83× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 0 NOK → 99.7k NOK (0% → 23% of revenue). Calculated