ABATE AS: årsregnskap 2020 vs 2019
Shrank 49% on revenue, stronger earnings, cash halved-plus
registry 2021-05-05; journal 2021 260867
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABATE AS. Revenue 907.4k NOK → 461.0k NOK (-49.2%). Net result +164.1k NOK → +717.9k NOK. Equity 321.0k NOK → 1.04m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABATE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +235.4k NOK → +907.8k NOK (op. margin 25.9% → 196.9%). Calculated
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↑
Net result improved
Net result +164.1k NOK → +717.9k NOK (net margin 18.1% → 155.7%). Calculated
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↑
Equity strengthened
Book equity 321.0k NOK → 1.04m NOK (equity ratio 49.1% → 168.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 907.4k NOK to 461.0k NOK (-49.2% YoY). Calculated
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↓
Cash fell
Bank deposits 411.0k NOK → 111.6k NOK (-72.9% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 140.8k NOK → 2.08m NOK (16% → 451% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 531.1k NOK → 475.1k NOK (-10.5% YoY). Calculated