ABANTI AS: årsregnskap 2020 vs 2019
Grew 6% on revenue, weaker earnings
approved 2021-05-09; registry 2021-05-15; journal 2021 289846
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABANTI AS. Revenue 811.5k NOK → 863.3k NOK (+6.4%). Net result -66.4k NOK → -82.2k NOK. Equity 10.6k NOK → -71.6k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ABANTI AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 811.5k NOK to 863.3k NOK (+6.4% YoY). Calculated
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↑
Cash rose
Bank deposits 17.5k NOK → 64.7k NOK (+270.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -29.2k NOK → -62.5k NOK (op. margin -3.6% → -7.2%). Calculated
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↓
Net result weakened
Net result -66.4k NOK → -82.2k NOK (net margin -8.2% → -9.5%). Calculated
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↓
Equity eroded
Book equity 10.6k NOK → -71.6k NOK (equity ratio 6.2% → -16.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -16.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 52.7k NOK → 3.21m NOK (6% → 372% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 431.9k NOK → 412.3k NOK (-4.5% YoY). Calculated