ABATE AS: årsregnskap 2021 vs 2020
Grew 2294% on revenue, stronger earnings
registry 2022-03-14; journal 2022 146819
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABATE AS. Revenue 461.0k NOK → 11.04m NOK (+2294.1%). Net result +717.9k NOK → +983.3k NOK. Equity 1.04m NOK → 2.12m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABATE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 461.0k NOK to 11.04m NOK (+2294.1% YoY). Calculated
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↑
Net result improved
Net result +717.9k NOK → +983.3k NOK (net margin 155.7% → 8.9%). Calculated
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↑
Equity strengthened
Book equity 1.04m NOK → 2.12m NOK (equity ratio 168.2% → 42.7%). Calculated
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↑
Cash rose
Bank deposits 111.6k NOK → 2.44m NOK (+2087.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +907.8k NOK → +584.8k NOK (op. margin 196.9% → 5.3%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.08m NOK → 4.37m NOK (451% → 40% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 475.1k NOK → 4.08m NOK (+758.1% YoY). Calculated