FirmaIQ
Org.nr 968 913 468 2019 → 2020 Year-over-year analysis

ABAS AS: årsregnskap 2020 vs 2019

Grew 13% on revenue, stronger earnings, cash halved-plus

approved 2021-05-31; registry 2021-09-23; journal 2021 793215

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABAS AS. Revenue 1.61m NOK → 1.82m NOK (+13.1%). Net result +57.6k NOK → +119.4k NOK. Equity 372.6k NOK → 11.44m NOK.

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

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABAS AS.

At a glance

Scorecard

Revenue
1.61m NOK 1.82m NOK
+13.1%
Operating result
+72.3k NOK +162.4k NOK
+124.5%
Net result
+57.6k NOK +119.4k NOK
+107.2%
Equity
372.6k NOK 11.44m NOK
+2969.6%
Cash
151.8k NOK 49.1k NOK
-67.6%
Total assets
740.3k NOK 854.9k NOK
+15.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.61m NOK to 1.82m NOK (+13.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +72.3k NOK → +162.4k NOK (op. margin 4.5% → 8.9%). Calculated

  • ↑

    Net result improved

    Net result +57.6k NOK → +119.4k NOK (net margin 3.6% → 6.6%). Calculated

  • ↑

    Equity strengthened

    Book equity 372.6k NOK → 11.44m NOK (equity ratio 50.3% → 1338.0%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 151.8k NOK → 49.1k NOK (-67.6% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 845.2k NOK → 68.8k NOK (-91.9% YoY). Calculated