AB-M AS: årsregnskap 2020 vs 2019
Grew 40% on revenue, slipped into loss
approved 2021-08-31; registry 2021-10-23; journal 2021 856838
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AB-M AS. Revenue 1.55m NOK → 2.17m NOK (+40.0%). Net result +332.5k NOK → -6.06m NOK. Equity 4.42m NOK → -1.64m NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for AB-M AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.55m NOK to 2.17m NOK (+40.0% YoY). Calculated
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Operating result improved
Operating result +369.1k NOK → +460.4k NOK (op. margin 23.8% → 21.2%). Calculated
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Cash rose
Bank deposits 196.7k NOK → 446.8k NOK (+127.2% YoY). Calculated
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Payroll decreased
Salary cost 4.44m NOK → 2 NOK (286% → 0% of revenue). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 332.5k NOK profit to a loss of 6.06m NOK. Calculated
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↓
Equity eroded
Book equity 4.42m NOK → -1.64m NOK (equity ratio 96.1% → -49.4%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -49.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 632.2k NOK → 853.1k NOK (+34.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 449.4k NOK → 687.0k NOK. Reported fact