ABA CON AS: årsregnskap 2021 vs 2020
Shrank 74% on revenue, returned to profit
approved 2022-06-28; registry 2022-08-01; journal 2022 835547
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABA CON AS. Revenue 548.4k NOK → 140.5k NOK (-74.4%). Net result -198.5k NOK → +64.1k NOK. Equity 955.4k NOK → 19.5k NOK.
On the constructive side: operating result improved; turned profitable; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABA CON AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -211.6k NOK → +85.5k NOK (op. margin -38.6% → 60.8%). Calculated
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Turned profitable
Net result flipped from a loss of 198.5k NOK to a profit of 64.1k NOK. Calculated
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Cash rose
Bank deposits 451.1k NOK → 690.9k NOK (+53.2% YoY). Calculated
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Payroll decreased
Salary cost 2.43m NOK → 2.37m NOK (444% → 1689% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 548.4k NOK to 140.5k NOK (-74.4% YoY). Calculated
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Equity eroded
Book equity 955.4k NOK → 19.5k NOK (equity ratio 50.7% → 0.9%). Calculated
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Current ratio dropped below 1×
Current ratio 3.94× → 0.08× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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COGS moved
COGS / varekostnad 12.5k NOK → 1.31m NOK (+10367.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation