Org.nr 888 023 852 2019 → 2020 Year-over-year analysis

ABACUS HOLDING AS: årsregnskap 2020 vs 2019

Shrank 84% on revenue, cash halved-plus

approved 2021-03-22; registry 2021-03-27; journal 2021 170134

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABACUS HOLDING AS. Revenue 300.0k NOK → 49.0k NOK (-83.7%). Equity 2.09m NOK → 2.12m NOK.

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

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABACUS HOLDING AS.

At a glance

Revenue

300.0k NOK 49.0k NOK

-83.7%

Operating result

+273.2k NOK +27.2k NOK

-90.0%

Net result

n/m +27.2k NOK

—

Equity

2.09m NOK 2.12m NOK

+1.3%

Cash

848.3k NOK 3 383 NOK

-99.6%

Total assets

2.10m NOK 2.12m NOK

+1.0%

↑
Equity strengthened

Book equity 2.09m NOK → 2.12m NOK (equity ratio 99.7% → 100.0%). Calculated

↓
Revenue fell

Operating income / revenue moved from 300.0k NOK to 49.0k NOK (-83.7% YoY). Calculated
↓
Operating result weakened

Operating result +273.2k NOK → +27.2k NOK (op. margin 91.1% → 55.6%). Calculated
↓
Cash fell

Bank deposits 848.3k NOK → 3 383 NOK (-99.6% YoY). Calculated

·
Book investments changed

Investment / intangible book value 2.01m NOK → 2.04m NOK. Reported fact