FirmaIQ
Org.nr 992 933 046 2019 → 2020 Year-over-year analysis

ABACUS REGNSKAP AS: årsregnskap 2020 vs 2019

Weaker earnings

registry 2021-09-11; journal 2021 691502

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABACUS REGNSKAP AS. Revenue 5.59m NOK → 5.41m NOK (-3.3%). Net result +365.6k NOK → +51.2k NOK. Equity 939.8k NOK → 30.5k NOK.

On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABACUS REGNSKAP AS.

At a glance

Scorecard

Revenue
5.59m NOK 5.41m NOK
-3.3%
Operating result
+468.6k NOK +68.9k NOK
-85.3%
Net result
+365.6k NOK +51.2k NOK
-86.0%
Equity
939.8k NOK 30.5k NOK
-96.8%
Cash
239.6k NOK 1.30m NOK
+442.5%
Total assets
1.82m NOK 1.85m NOK
+1.8%

What improved

  • ↑

    Cash rose

    Bank deposits 239.6k NOK → 1.30m NOK (+442.5% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.59m NOK to 5.41m NOK (-3.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +468.6k NOK → +68.9k NOK (op. margin 8.4% → 1.3%). Calculated

  • ↓

    Net result weakened

    Net result +365.6k NOK → +51.2k NOK (net margin 6.5% → 0.9%). Calculated

  • ↓

    Equity eroded

    Book equity 939.8k NOK → 30.5k NOK (equity ratio 51.7% → 1.6%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 4.20m NOK → 4.24m NOK (75% → 78% of revenue). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 1.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 750.9k NOK → 750 NOK (-99.9% YoY). Calculated