ABAX GROUP AS: årsregnskap 2020 vs 2019
Stronger earnings, fresh owner capital
approved 2021-04-27; registry 2021-08-07; journal 2021 582108
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABAX GROUP AS. Revenue 529.96m NOK → 512.06m NOK (-3.4%). Net result -59.90m NOK → -41.15m NOK. Equity 1.44bn NOK → 1.82bn NOK.
On the constructive side: net result improved; equity strengthened; owners injected capital. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABAX GROUP AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -59.90m NOK → -41.15m NOK (net margin -11.3% → -8.0%). Calculated
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Equity strengthened
Book equity 1.44bn NOK → 1.82bn NOK (equity ratio 70.0% → 63.1%). Calculated
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Owners injected capital
Paid-in equity rose 1.43bn NOK → 1.86bn NOK (+428.95m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 529.96m NOK to 512.06m NOK (-3.4% YoY). Calculated
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↓
Operating result weakened
Operating result -3.88m NOK → -8.00m NOK (op. margin -0.7% → -1.6%). Calculated
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↓
Cash fell
Bank deposits 535.6k NOK → 490.5k NOK (-8.4% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 74.28m NOK → 52.18m NOK (-29.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 6 NOK → 2.67bn NOK. Reported fact