FirmaIQ
Org.nr 998 204 267 2020 → 2021 Year-over-year analysis

ABAX TECHNOLOGY AS: årsregnskap 2021 vs 2020

Grew 13% on revenue, weaker earnings

approved 2022-06-15; registry 2022-06-28; journal 2022 521972

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ABAX TECHNOLOGY AS. Revenue 18.45m NOK → 20.78m NOK (+12.6%). Net result +5.41m NOK → +1.54m NOK. Equity 4.47m NOK → 6.93m NOK.

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

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ABAX TECHNOLOGY AS.

At a glance

Scorecard

Revenue
18.45m NOK 20.78m NOK
+12.6%
Operating result
+6.24m NOK +1.28m NOK
-79.5%
Net result
+5.41m NOK +1.54m NOK
-71.5%
Equity
4.47m NOK 6.93m NOK
+54.9%
Cash
9 332 NOK 6 152 NOK
-34.1%
Total assets
72.69m NOK 61.60m NOK
-15.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 18.45m NOK to 20.78m NOK (+12.6% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 4.47m NOK → 6.93m NOK (equity ratio 6.2% → 11.2%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +6.24m NOK → +1.28m NOK (op. margin 33.8% → 6.2%). Calculated

  • ↓

    Net result weakened

    Net result +5.41m NOK → +1.54m NOK (net margin 29.3% → 7.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 9 332 NOK → 6 152 NOK (-34.1% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 100.0k NOK → 14.9k NOK — check capital reduction, conversion, or reclassification. Interpretation