ABACO SHIPPING AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue, slipped into loss
approved 2021-06-30; registry 2021-08-09; journal 2021 593305
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABACO SHIPPING AS. Revenue 1.53m NOK → 1 533 NOK (-99.9%). Net result +1.09m NOK → -615.6k NOK. Equity 10.27m NOK → 9.65m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABACO SHIPPING AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 53.7k NOK → 738.8k NOK (+1275.1% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.53m NOK to 1 533 NOK (-99.9% YoY). Calculated
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↓
Operating result weakened
Operating result +1.43m NOK → -93.5k NOK (op. margin 93.5% → -6101.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 1.09m NOK profit to a loss of 615.6k NOK. Calculated
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↓
Equity eroded
Book equity 10.27m NOK → 9.65m NOK (equity ratio 30.6% → 28.8%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 33.54m NOK → 32.31m NOK. Reported fact