Abacus Consult AS: årsregnskap 2020 vs 2019
Cash halved-plus
approved 2021-08-25; registry 2021-09-22; journal 2021 779761
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for Abacus Consult AS. Revenue 601.5k NOK → 601.5k NOK (0.0%). Net result -11.94m NOK → -12.13m NOK. Equity 20.41m NOK → 71.8k NOK.
On the constructive side: payroll decreased. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for Abacus Consult AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 99.7k NOK → 6 260 NOK (17% → 1% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -283.1k NOK → -389.4k NOK (op. margin -47.1% → -64.7%). Calculated
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↓
Equity eroded
Book equity 20.41m NOK → 71.8k NOK (equity ratio 93.2% → 1.0%). Calculated
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↓
Cash fell
Bank deposits 9.21m NOK → 76.5k NOK (-99.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 14.11× → 0.56× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (9.21m NOK → 76.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 862.0k NOK → 788.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 10.09m NOK → 7.02m NOK. Reported fact