ABACUS PLM SOLUTIONS AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue, slipped into loss, cash halved-plus
approved 2021-06-01; registry 2021-09-30; journal 2021 838934
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABACUS PLM SOLUTIONS AS. Revenue 1.20m NOK → 0 NOK (-100.0%). Net result +21.8k NOK → -255.3k NOK. Equity -14.9k NOK → -151.6k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABACUS PLM SOLUTIONS AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 963.4k NOK → 73.7k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.20m NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result +21.8k NOK → -254.5k NOK. Calculated
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↓
Fell into a net loss
Net result flipped from 21.8k NOK profit to a loss of 255.3k NOK. Calculated
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↓
Equity eroded
Book equity -14.9k NOK → -151.6k NOK (equity ratio -3.1% → -1399.2%). Calculated
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↓
Cash fell
Bank deposits 282.3k NOK → 10.8k NOK (-96.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1399.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation