ABACOM AS: årsregnskap 2021 vs 2020
Shrank 31% on revenue, stronger earnings
approved 2022-09-06; registry 2022-09-14; journal 2022 924585
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABACOM AS. Revenue 16.18m NOK → 11.23m NOK (-30.6%). Net result +4.55m NOK → +6.22m NOK. Equity 7.05m NOK → 7.97m NOK.
On the constructive side: operating result improved; net result improved; 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 ABACOM AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +6.14m NOK → +8.11m NOK (op. margin 37.9% → 72.2%). Calculated
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↑
Net result improved
Net result +4.55m NOK → +6.22m NOK (net margin 28.1% → 55.4%). Calculated
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↑
Equity strengthened
Book equity 7.05m NOK → 7.97m NOK (equity ratio 67.1% → 63.2%). Calculated
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↑
Cash rose
Bank deposits 8.13m NOK → 10.33m NOK (+26.9% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 16.18m NOK to 11.23m NOK (-30.6% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2 NOK → 5.91m NOK (0% → 53% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 7.51m NOK → 1.05m NOK (-86.0% YoY). Calculated