A-BAD AS: årsregnskap 2020 vs 2019
Weaker earnings, cash halved-plus
approved 2021-09-02; registry 2021-09-29; journal 2021 751615
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A-BAD AS. Revenue 17.11m NOK → 16.84m NOK (-1.6%). Net result +473.3k NOK → +100.6k NOK. Equity 1.83m NOK → 2.93m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for A-BAD AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 1.83m NOK → 2.93m NOK (equity ratio 46.7% → 51.9%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 17.11m NOK to 16.84m NOK (-1.6% YoY). Calculated
-
↓
Operating result weakened
Operating result +584.3k NOK → +453.4k NOK (op. margin 3.4% → 2.7%). Calculated
-
↓
Net result weakened
Net result +473.3k NOK → +100.6k NOK (net margin 2.8% → 0.6%). Calculated
-
↓
Cash fell
Bank deposits 902.7k NOK → 330.0k NOK (-63.4% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 1 NOK → 1.57m NOK (0% → 9% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 13.60m NOK → 11.87m NOK (-12.7% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 32.5k NOK → 467.3k NOK. Reported fact
-
·
Headcount (årsverk) changed
Reported FTEs 3 → 0. Reported fact