ABB ELECTRIFICATION NORWAY AS: årsregnskap 2020 vs 2019
Grew 105233196% on revenue, weaker earnings, fresh owner capital
approved 2021-03-24; registry 2021-08-05; journal 2021 582056
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABB ELECTRIFICATION NORWAY AS. Revenue 2 694 NOK → 2.83bn NOK (+105233196.2%). Net result +144.15m NOK → +108.39m NOK. Equity 223.43m NOK → 13.22m NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for ABB ELECTRIFICATION NORWAY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2 694 NOK to 2.83bn NOK (+105233196.2% YoY). Calculated
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Operating result improved
Operating result +218.5k NOK → +120.61m NOK (op. margin 8109.2% → 4.3%). Calculated
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Cash rose
Bank deposits 27.7k NOK → 36.80m NOK (+132850.4% YoY). Calculated
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Owners injected capital
Paid-in equity rose 223.4k NOK → 60.45m NOK (+60.23m NOK). Reported fact
What deteriorated
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Net result weakened
Net result +144.15m NOK → +108.39m NOK (net margin 5350816.6% → 3.8%). Calculated
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↓
Equity eroded
Book equity 223.43m NOK → 13.22m NOK (equity ratio 16.6% → 1.0%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 1.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 17.6k NOK → 17.62m NOK (652% → 1% of revenue). Calculated
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Book investments changed
Investment / intangible book value 157.2k NOK → 162.9k NOK. Reported fact