Org.nr 919 042 885 2020 → 2021 Year-over-year analysis

ABAX INVEST AS: årsregnskap 2021 vs 2020

Slipped into loss

approved 2022-06-15; registry 2022-06-28; journal 2022 521950

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for ABAX INVEST AS. Net result +7.34m NOK → -988.7k NOK. Equity 1.61bn NOK → 1.60bn NOK.

Pressures included: operating result weakened; fell into a net loss; equity eroded.

Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ABAX INVEST AS.

Scorecard

Operating result
-92.5k NOK -162.4k NOK
-75.5%
Net result
+7.34m NOK -988.7k NOK
-113.5%
Equity
1.61bn NOK 1.60bn NOK
-0.9%
Cash
370.7k NOK 236.8k NOK
-36.1%
Total assets
1.99bn NOK 2.00bn NOK
+0.3%

What deteriorated

  • ↓

    Operating result weakened

    Operating result -92.5k NOK → -162.4k NOK. Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 7.34m NOK profit to a loss of 988.7k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 1.61bn NOK → 1.60bn NOK (equity ratio 80.8% → 79.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 370.7k NOK → 236.8k NOK (-36.1% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 1.61bn NOK → 1.60bn NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 6 NOK → 1.95bn NOK. Reported fact