FirmaIQ
Org.nr 998 204 267 2019 → 2020 Year-over-year analysis

ABAX TECHNOLOGY AS: årsregnskap 2020 vs 2019

Grew 576408% on revenue, stronger earnings, cash halved-plus

approved 2021-05-05; registry 2021-06-19; journal 2021 357507

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABAX TECHNOLOGY AS. Revenue 3 200 NOK → 18.45m NOK (+576407.8%). Net result +4.03m NOK → +5.41m NOK. Equity 36.4k NOK → 4.47m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ABAX TECHNOLOGY AS.

At a glance

Scorecard

Revenue
3 200 NOK 18.45m NOK
+576407.8%
Operating result
+5.21m NOK +6.24m NOK
+19.9%
Net result
+4.03m NOK +5.41m NOK
+34.2%
Equity
36.4k NOK 4.47m NOK
+12204.6%
Cash
1.39m NOK 9 332 NOK
-99.3%
Total assets
48.02m NOK 72.69m NOK
+51.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3 200 NOK to 18.45m NOK (+576407.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +5.21m NOK → +6.24m NOK (op. margin 162730.3% → 33.8%). Calculated

  • ↑

    Net result improved

    Net result +4.03m NOK → +5.41m NOK (net margin 125864.1% → 29.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 36.4k NOK → 4.47m NOK (equity ratio 0.1% → 6.2%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 1.39m NOK → 9 332 NOK (-99.3% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.39m NOK → 9 332 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation