ABA-TECH AS: årsregnskap 2021 vs 2020
Shrank 34% on revenue, slipped into loss, cash halved-plus
approved 2022-06-28; registry 2022-08-01; journal 2022 835605
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABA-TECH AS. Revenue 2.82m NOK → 1.85m NOK (-34.3%). Net result +1.63m NOK → -7 553 NOK. Equity -396.2k NOK → -403.8k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABA-TECH AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.60m NOK → 2.28m NOK (92% → 123% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.82m NOK to 1.85m NOK (-34.3% YoY). Calculated
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↓
Operating result weakened
Operating result +914.5k NOK → +58.8k NOK (op. margin 32.5% → 3.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 1.63m NOK profit to a loss of 7 553 NOK. Calculated
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↓
Equity eroded
Book equity -396.2k NOK → -403.8k NOK (equity ratio -52.7% → -128.6%). Calculated
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↓
Cash fell
Bank deposits 156.2k NOK → 39.4k NOK (-74.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -128.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 1.26m NOK → 1.16m NOK (-8.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 15.0k NOK → -489.4k NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 2 → 1. Reported fact