ABYSS SHIP MANAGEMENT AS: årsregnskap 2019 vs 2018
Grew 21% on revenue, weaker earnings
approved 2020-04-27; registry 2020-05-02; journal 2020 322175
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABYSS SHIP MANAGEMENT AS. Revenue 19.12m NOK → 23.12m NOK (+20.9%). Net result +533.2k NOK → +420.8k NOK. Equity 82.7k NOK → 1.50m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABYSS SHIP MANAGEMENT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 19.12m NOK to 23.12m NOK (+20.9% YoY). Calculated
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↑
Equity strengthened
Book equity 82.7k NOK → 1.50m NOK (equity ratio 1.8% → 22.3%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +691.0k NOK → +537.2k NOK (op. margin 3.6% → 2.3%). Calculated
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↓
Net result weakened
Net result +533.2k NOK → +420.8k NOK (net margin 2.8% → 1.8%). Calculated
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↓
Cash fell
Bank deposits 724.5k NOK → 380.2k NOK (-47.5% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 17.78m NOK → 21.78m NOK (93% → 94% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 125.0k NOK → 152.0k NOK (+21.6% YoY). Calculated