ABACUS IT AS: årsregnskap 2020 vs 2019
Grew 8% on revenue
approved 2021-04-30; registry 2021-06-03; journal 2021 254310
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABACUS IT AS. Revenue 82.48m NOK → 88.70m NOK (+7.5%). Net result +11.49m NOK → +10.98m NOK. Equity 18.95m NOK → 17.93m NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABACUS IT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 82.48m NOK to 88.70m NOK (+7.5% YoY). Calculated
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↑
Operating result improved
Operating result +5.59m NOK → +6.75m NOK (op. margin 6.8% → 7.6%). Calculated
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↑
Cash rose
Bank deposits 7.43m NOK → 9.18m NOK (+23.5% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 18.95m NOK → 17.93m NOK (equity ratio 51.0% → 39.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.32× → 0.82× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 44.28m NOK → 48.08m NOK (54% → 54% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 21.30m NOK → 21.85m NOK (+2.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 8.84m NOK → 16.85m NOK. Reported fact