FirmaIQ
Org.nr 980 511 103 2019 → 2020 Year-over-year analysis

ABACUS AS: årsregnskap 2020 vs 2019

Shrank 8% on revenue, stronger earnings, cash halved-plus

registry 2021-09-11; journal 2021 693432

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABACUS AS. Revenue 2.82m NOK → 2.60m NOK (-8.0%). Net result +57.8k NOK → +429.1k NOK. Equity 214.9k NOK → 344.1k NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
2.82m NOK 2.60m NOK
-8.0%
Operating result
+71.3k NOK +557.8k NOK
+682.4%
Net result
+57.8k NOK +429.1k NOK
+642.4%
Equity
214.9k NOK 344.1k NOK
+60.1%
Cash
525.7k NOK 60.6k NOK
-88.5%
Total assets
1.22m NOK 1.49m NOK
+21.7%

What improved

  • ↑

    Operating result improved

    Operating result +71.3k NOK → +557.8k NOK (op. margin 2.5% → 21.5%). Calculated

  • ↑

    Net result improved

    Net result +57.8k NOK → +429.1k NOK (net margin 2.0% → 16.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 214.9k NOK → 344.1k NOK (equity ratio 17.6% → 23.1%). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.54m NOK → 1.08m NOK (54% → 42% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.82m NOK to 2.60m NOK (-8.0% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 525.7k NOK → 60.6k NOK (-88.5% YoY). Calculated