FirmaIQ
Org.nr 950 192 593 2019 → 2020 Year-over-year analysis

ABACUS FINANS AS: årsregnskap 2020 vs 2019

Shrank 97% on revenue, stronger earnings, cash halved-plus

registry 2021-09-27; journal 2021 817505

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABACUS FINANS AS. Revenue 110.8k NOK → 3 675 NOK (-96.7%). Net result -6.36m NOK → -3.45m NOK. Equity 10.07m NOK → 6.62m NOK.

On the constructive side: net result improved; owners injected capital. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ABACUS FINANS AS.

At a glance

Scorecard

Revenue
110.8k NOK 3 675 NOK
-96.7%
Operating result
+6 031 NOK -49.4k NOK
-919.4%
Net result
-6.36m NOK -3.45m NOK
+45.7%
Equity
10.07m NOK 6.62m NOK
-34.3%
Cash
4.41m NOK 140.9k NOK
-96.8%
Total assets
10.20m NOK 7.65m NOK
-25.0%

What improved

  • ↑

    Net result improved

    Net result -6.36m NOK → -3.45m NOK (net margin -5740.8% → -93895.2%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 21.42m NOK → 23.13m NOK (+1.71m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 110.8k NOK to 3 675 NOK (-96.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +6 031 NOK → -49.4k NOK (op. margin 5.4% → -1344.8%). Calculated

  • ↓

    Equity eroded

    Book equity 10.07m NOK → 6.62m NOK (equity ratio 98.7% → 86.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 4.41m NOK → 140.9k NOK (-96.8% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (4.41m NOK → 140.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation