ABYSSUS MARINE SERVICES AS: årsregnskap 2019 vs 2018
Grew 27% on revenue, cash halved-plus
approved 2020-11-23; registry 2020-12-12; journal 2020 974560
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABYSSUS MARINE SERVICES AS. Revenue 2.14m NOK → 2.71m NOK (+26.8%). Net result +155 NOK → +1 768 NOK. Equity -3.18m NOK → -1.03m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABYSSUS MARINE SERVICES AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.14m NOK to 2.71m NOK (+26.8% YoY). Calculated
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Operating result improved
Operating result +319 NOK → +1 949 NOK (op. margin 0.0% → 0.1%). Calculated
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Net result improved
Net result +155 NOK → +1 768 NOK (net margin 0.0% → 0.1%). Calculated
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Equity strengthened
Book equity -3.18m NOK → -1.03m NOK (equity ratio -80.7% → -25.6%). Calculated
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Payroll decreased
Salary cost 1.99m NOK → 8 NOK (93% → 0% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 106.7k NOK → 6 050 NOK (-94.3% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.58m NOK → 44.8k NOK (-97.2% YoY). Calculated