ABARIS CONSULTING AS: årsregnskap 2020 vs 2019
Grew 17% on revenue, stronger earnings, cash halved-plus
registry 2021-10-11; journal 2021 795417
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABARIS CONSULTING AS. Revenue 6.19m NOK → 7.23m NOK (+16.8%). Net result +263.0k NOK → +10.72m NOK. Equity 3.42m NOK → 3.76m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABARIS CONSULTING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 6.19m NOK to 7.23m NOK (+16.8% YoY). Calculated
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Operating result improved
Operating result -221.2k NOK → +22.4k NOK (op. margin -3.6% → 0.3%). Calculated
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Net result improved
Net result +263.0k NOK → +10.72m NOK (net margin 4.3% → 148.4%). Calculated
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Equity strengthened
Book equity 3.42m NOK → 3.76m NOK (equity ratio 47.1% → 45.2%). Calculated
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Payroll decreased
Salary cost 4.99m NOK → 4.86m NOK (81% → 67% of revenue). Calculated
What deteriorated
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Cash fell
Bank deposits 714.7k NOK → 270.8k NOK (-62.1% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 169.5k NOK → 40.9k NOK (-75.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 484.8k NOK → 1.49m NOK. Reported fact