ABACS AS: årsregnskap 2020 vs 2019
Grew 78% on revenue, slipped into loss
approved 2021-07-12; registry 2021-08-16; journal 2021 614138
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABACS AS. Revenue 288.7k NOK → 512.6k NOK (+77.6%). Net result +790.4k NOK → -783.6k NOK. Equity 23.68m NOK → 22.90m NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABACS AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 288.7k NOK to 512.6k NOK (+77.6% YoY). Calculated
-
↑
Operating result improved
Operating result -243.7k NOK → +34.9k NOK (op. margin -84.4% → 6.8%). Calculated
-
↑
Payroll decreased
Salary cost 25.1k NOK → 11.0k NOK (9% → 2% of revenue). Calculated
What deteriorated
-
↓
Fell into a net loss
Net result flipped from 790.4k NOK profit to a loss of 783.6k NOK. Calculated
-
↓
Equity eroded
Book equity 23.68m NOK → 22.90m NOK (equity ratio 44.2% → 43.3%). Calculated
-
↓
Cash fell
Bank deposits 417.3k NOK → 266.2k NOK (-36.2% YoY). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 39.86m NOK → 40.33m NOK. Reported fact