ABA ELEKTRO AS: årsregnskap 2021 vs 2020
Stronger earnings, cash halved-plus
approved 2022-08-19; registry 2022-09-01; journal 2022 908463
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABA ELEKTRO AS. Revenue 7.64m NOK → 7.27m NOK (-4.9%). Net result +24.4k NOK → +444.1k NOK. Equity 13.84m NOK → 287.9k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABA ELEKTRO AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +164.7k NOK → +574.5k NOK (op. margin 2.2% → 7.9%). Calculated
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Net result improved
Net result +24.4k NOK → +444.1k NOK (net margin 0.3% → 6.1%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 7.64m NOK to 7.27m NOK (-4.9% YoY). Calculated
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↓
Equity eroded
Book equity 13.84m NOK → 287.9k NOK (equity ratio 437.2% → 9.9%). Calculated
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↓
Cash fell
Bank deposits 537.4k NOK → 206.5k NOK (-61.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 3.12m NOK → 2.95m NOK (-5.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 236.4k NOK → 526.1k NOK. Reported fact