FirmaIQ
Org.nr 993 593 516 2019 → 2020 Year-over-year analysis

ABAS KOSMETIKK AS: årsregnskap 2020 vs 2019

Shrank 12% on revenue, stronger earnings

approved 2021-06-22; registry 2021-07-28; journal 2021 552981

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABAS KOSMETIKK AS. Revenue 7.81m NOK → 6.85m NOK (-12.2%). Net result +191.9k NOK → +690.9k NOK. Equity 2.40m NOK → 3.09m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.

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

At a glance

Scorecard

Revenue
7.81m NOK 6.85m NOK
-12.2%
Operating result
+237.3k NOK +822.2k NOK
+246.5%
Net result
+191.9k NOK +690.9k NOK
+260.0%
Equity
2.40m NOK 3.09m NOK
+28.8%
Cash
1.24m NOK 1.89m NOK
+51.7%
Total assets
4.39m NOK 4.85m NOK
+10.4%

What improved

  • ↑

    Operating result improved

    Operating result +237.3k NOK → +822.2k NOK (op. margin 3.0% → 12.0%). Calculated

  • ↑

    Net result improved

    Net result +191.9k NOK → +690.9k NOK (net margin 2.5% → 10.1%). Calculated

  • ↑

    Equity strengthened

    Book equity 2.40m NOK → 3.09m NOK (equity ratio 54.7% → 63.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.24m NOK → 1.89m NOK (+51.7% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.96m NOK → 1.58m NOK (25% → 23% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 7.81m NOK to 6.85m NOK (-12.2% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 4.07m NOK → 3.41m NOK (-16.4% YoY). Calculated