ABAX MIDCO AS: årsregnskap 2021 vs 2020
Weaker earnings, cash halved-plus
approved 2022-04-27; registry 2022-06-28; journal 2022 521962
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABAX MIDCO AS. Net result -14.14m NOK → -27.70m NOK. Equity 1.58bn NOK → 1.56bn NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for ABAX MIDCO AS.
At a glance
Scorecard
What deteriorated
-
↓
Operating result weakened
Operating result -44.6k NOK → -98.6k NOK. Calculated
-
↓
Net result weakened
Net result -14.14m NOK → -27.70m NOK. Calculated
-
↓
Equity eroded
Book equity 1.58bn NOK → 1.56bn NOK (equity ratio 80.9% → 80.1%). Calculated
-
↓
Cash fell
Bank deposits 2.88m NOK → 80.0k NOK (-97.2% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.88m NOK → 80.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 1.58bn NOK → 1.56bn NOK — check capital reduction, conversion, or reclassification. Interpretation