FirmaIQ
Org.nr 954 634 388 2019 → 2020 Year-over-year analysis

ABA-TECH AS: årsregnskap 2020 vs 2019

Shrank 54% on revenue, returned to profit

approved 2021-08-31; registry 2021-10-21; journal 2021 841684

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABA-TECH AS. Revenue 6.18m NOK → 2.82m NOK (-54.5%). Net result -1.18m NOK → +1.63m NOK. Equity -2.02m NOK → -396.2k NOK.

On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABA-TECH AS.

At a glance

Scorecard

Revenue
6.18m NOK 2.82m NOK
-54.5%
Operating result
-1.11m NOK +914.5k NOK
+182.3%
Net result
-1.18m NOK +1.63m NOK
+238.5%
Equity
-2.02m NOK -396.2k NOK
+80.4%
Cash
40.5k NOK 156.2k NOK
+285.6%
Total assets
752.3k NOK 752.5k NOK
+0.0%

What improved

  • ↑

    Operating result improved

    Operating result -1.11m NOK → +914.5k NOK (op. margin -18.0% → 32.5%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 1.18m NOK to a profit of 1.63m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity -2.02m NOK → -396.2k NOK (equity ratio -269.0% → -52.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 40.5k NOK → 156.2k NOK (+285.6% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 6.18m NOK to 2.82m NOK (-54.5% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2.59m NOK → 2.60m NOK (42% → 92% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 3.62m NOK → 1.26m NOK (-65.1% YoY). Calculated