AB Invest A/S: årsregnskap 2020 vs 2019
Shrank 8% on revenue, weaker earnings
approved 2021-04-20; registry 2021-06-29; journal 2021 408940
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AB Invest A/S. Revenue 4.90m NOK → 4.52m NOK (-7.8%). Net result +105.53m NOK → +14.39m NOK. Equity 325.45m NOK → 340.22m NOK.
On the constructive side: equity strengthened; cash rose; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AB Invest A/S.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 325.45m NOK → 340.22m NOK (equity ratio 9.0% → 6.4%). Calculated
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↑
Cash rose
Bank deposits 67.78m NOK → 170.28m NOK (+151.2% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 22.14m NOK → 22.52m NOK (+380.0k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.90m NOK to 4.52m NOK (-7.8% YoY). Calculated
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↓
Operating result weakened
Operating result -11.43m NOK → -12.95m NOK (op. margin -233.1% → -286.5%). Calculated
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↓
Net result weakened
Net result +105.53m NOK → +14.39m NOK (net margin 2152.8% → 318.4%). Calculated
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↓
Payroll up without matching revenue
Salary cost 9.43m NOK → 9.58m NOK (192% → 212% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 134.84m NOK → 298.20m NOK (+121.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 175.5k NOK → 10 NOK. Reported fact