ABACUS RATIO AS: årsregnskap 2020 vs 2019
Grew 113% on revenue, stronger earnings
approved 2021-05-27; registry 2021-07-08; journal 2021 462189
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABACUS RATIO AS. Revenue 434.3k NOK → 926.3k NOK (+113.3%). Net result +54.6k NOK → +5.38m NOK. Equity 2.09m NOK → 1.98m NOK.
On the constructive side: revenue rose; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABACUS RATIO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 434.3k NOK to 926.3k NOK (+113.3% YoY). Calculated
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↑
Net result improved
Net result +54.6k NOK → +5.38m NOK (net margin 12.6% → 580.9%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 2.09m NOK → 1.98m NOK (equity ratio 84.4% → 19.1%). Calculated
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↓
Cash fell
Bank deposits 692.3k NOK → 540.7k NOK (-21.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.37× → 0.91× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 2.00m NOK → 1.98m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 193.3k NOK → 3.62m NOK (45% → 390% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 30.7k NOK → 763.3k NOK (+2383.9% YoY). Calculated