ABYSS GROUP AS: årsregnskap 2019 vs 2018
Weaker earnings
approved 2020-04-27; registry 2020-05-02; journal 2020 322281
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABYSS GROUP AS. Revenue 11.93m NOK → 12.08m NOK (+1.2%). Net result +90.0k NOK → +69.2k NOK. Equity 19.27m NOK → 22.12m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABYSS GROUP AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 11.93m NOK to 12.08m NOK (+1.2% YoY). Calculated
-
↑
Equity strengthened
Book equity 19.27m NOK → 22.12m NOK (equity ratio 86.5% → 85.5%). Calculated
-
↑
Cash rose
Bank deposits 417.9k NOK → 9.22m NOK (+2107.4% YoY). Calculated
-
↑
Owners injected capital
Paid-in equity rose 15.00m NOK → 17.78m NOK (+2.78m NOK). Reported fact
What deteriorated
-
↓
Net result weakened
Net result +90.0k NOK → +69.2k NOK (net margin 0.8% → 0.6%). Calculated
Things to notice
-
·
Payroll increased
Salary cost 5.78m NOK → 6.56m NOK (48% → 54% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 2.61m NOK → 217.2k NOK (-91.7% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 18.03m NOK → 20.79m NOK. Reported fact