FirmaIQ
Org.nr 993 098 736 2020 → 2021 Year-over-year analysis

ABAX AS: årsregnskap 2021 vs 2020

Grew 6% on revenue, stronger earnings

approved 2022-04-28; registry 2022-06-28; journal 2022 521932

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ABAX AS. Revenue 374.39m NOK → 397.95m NOK (+6.3%). Net result +10.76m NOK → +13.83m NOK. Equity 1.21bn NOK → 1.20bn NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABAX AS.

At a glance

Scorecard

Revenue
374.39m NOK 397.95m NOK
+6.3%
Operating result
+15.09m NOK +23.20m NOK
+53.7%
Net result
+10.76m NOK +13.83m NOK
+28.5%
Equity
1.21bn NOK 1.20bn NOK
-0.9%
Cash
32.04m NOK 66.13m NOK
+106.4%
Total assets
1.76bn NOK 1.92bn NOK
+8.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 374.39m NOK to 397.95m NOK (+6.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +15.09m NOK → +23.20m NOK (op. margin 4.0% → 5.8%). Calculated

  • ↑

    Net result improved

    Net result +10.76m NOK → +13.83m NOK (net margin 2.9% → 3.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 32.04m NOK → 66.13m NOK (+106.4% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 1.21bn NOK → 1.20bn NOK (equity ratio 68.5% → 62.6%). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 1.24bn NOK → 1.28bn NOK. Reported fact