ABACUS IT AS: årsregnskap 2021 vs 2020
Grew 29% on revenue
approved 2022-04-29; registry 2022-06-13; journal 2022 370664
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABACUS IT AS. Revenue 88.70m NOK → 114.60m NOK (+29.2%). Net result +10.98m NOK → +10.58m NOK. Equity 17.93m NOK → 22.02m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: cash fell.
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 88.70m NOK to 114.60m NOK (+29.2% YoY). Calculated
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↑
Operating result improved
Operating result +6.75m NOK → +10.00m NOK (op. margin 7.6% → 8.7%). Calculated
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↑
Equity strengthened
Book equity 17.93m NOK → 22.02m NOK (equity ratio 39.1% → 29.5%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.82× → 1.03×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 9.18m NOK → 7.51m NOK (-18.1% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 48.08m NOK → 63.34m NOK (54% → 55% of revenue). Calculated
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COGS moved
COGS / varekostnad 21.85m NOK → 28.21m NOK (+29.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 16.85m NOK → 24.46m NOK. Reported fact