ABAS AS: årsregnskap 2021 vs 2020
Grew 94% on revenue, stronger earnings
approved 2022-05-30; registry 2022-06-01; journal 2022 384875
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABAS AS. Revenue 1.82m NOK → 3.52m NOK (+93.8%). Net result +119.4k NOK → +184.4k NOK. Equity 11.44m NOK → 10.54m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABAS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.82m NOK to 3.52m NOK (+93.8% YoY). Calculated
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↑
Operating result improved
Operating result +162.4k NOK → +237.1k NOK (op. margin 8.9% → 6.7%). Calculated
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Net result improved
Net result +119.4k NOK → +184.4k NOK (net margin 6.6% → 5.2%). Calculated
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↑
Cash rose
Bank deposits 49.1k NOK → 387.1k NOK (+688.6% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 11.44m NOK → 10.54m NOK (equity ratio 1338.0% → 1273.7%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 NOK → 914.9k NOK (0% → 26% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 68.8k NOK → 2.00m NOK (+2804.9% YoY). Calculated