ABYSSINIA RESOURCES DEVELOPMENT AS: årsregnskap 2019 vs 2018
Grew 20% on revenue, weaker earnings, cash halved-plus
approved 2020-06-30; registry 2020-09-28; journal 2020 867253
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABYSSINIA RESOURCES DEVELOPMENT AS. Revenue 50.0k NOK → 60.0k NOK (+20.0%). Net result +280.7k NOK → +6 100 NOK. Equity 27.38m NOK → 27.38m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABYSSINIA RESOURCES DEVELOPMENT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 50.0k NOK to 60.0k NOK (+20.0% YoY). Calculated
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↑
Operating result improved
Operating result -950.9k NOK → -190.6k NOK (op. margin -1901.7% → -317.7%). Calculated
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↑
Equity strengthened
Book equity 27.38m NOK → 27.38m NOK (equity ratio 95.0% → 91.0%). Calculated
What deteriorated
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↓
Net result weakened
Net result +280.7k NOK → +6 100 NOK (net margin 561.4% → 10.2%). Calculated
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↓
Cash fell
Bank deposits 101.6k NOK → 2 055 NOK (-98.0% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 85.3k NOK → 4 162 NOK (-95.1% YoY). Calculated