ABACTA AS: årsregnskap 2020 vs 2019
Grew 3825% on revenue, slipped into loss, cash halved-plus
approved 2021-09-28; registry 2021-10-19; journal 2021 833638
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABACTA AS. Revenue 26.9k NOK → 1.05m NOK (+3824.6%). Net result +1 870 NOK → -377.5k NOK. Equity 2.67m NOK → 2.29m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ABACTA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 26.9k NOK to 1.05m NOK (+3824.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -109.8k NOK → -295.5k NOK (op. margin -408.5% → -28.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 1 870 NOK profit to a loss of 377.5k NOK. Calculated
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↓
Equity eroded
Book equity 2.67m NOK → 2.29m NOK (equity ratio 50.2% → 46.1%). Calculated
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↓
Cash fell
Bank deposits 375.4k NOK → 133.0k NOK (-64.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.65× → 0.54× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 706.9k NOK → 878.8k NOK (2631% → 83% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 2.26m NOK → 30.0k NOK. Reported fact