ABAX GROUP AS: årsregnskap 2021 vs 2020
Shrank 100% on revenue, returned to profit
approved 2022-04-28; registry 2022-06-28; journal 2022 524052
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABAX GROUP AS. Revenue 512.06m NOK → 323.6k NOK (-99.9%). Net result -41.15m NOK → +286.48m NOK. Equity 1.82bn NOK → 2.11bn NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABAX GROUP AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -8.00m NOK → +317.72m NOK (op. margin -1.6% → 98182.0%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 41.15m NOK to a profit of 286.48m NOK. Calculated
-
↑
Equity strengthened
Book equity 1.82bn NOK → 2.11bn NOK (equity ratio 63.1% → 66.2%). Calculated
-
↑
Cash rose
Bank deposits 490.5k NOK → 230.41m NOK (+46870.8% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 512.06m NOK to 323.6k NOK (-99.9% YoY). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 2.67bn NOK → 2.91bn NOK. Reported fact