FirmaIQ
Org.nr 911 374 285 2019 → 2020 Year-over-year analysis

ABB HOLDING AS: årsregnskap 2020 vs 2019

Stronger earnings, cash halved-plus

approved 2021-03-25; registry 2021-08-07; journal 2021 581896

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABB HOLDING AS. Revenue 6.69bn NOK → 6.64bn NOK (-0.7%). Net result +1.36m NOK → +139.43m NOK. Equity 544.76m NOK → 534.19m NOK.

On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABB HOLDING AS.

At a glance

Scorecard

Revenue
6.69bn NOK 6.64bn NOK
-0.7%
Operating result
-240.04m NOK -7.02m NOK
+97.1%
Net result
+1.36m NOK +139.43m NOK
+10122.6%
Equity
544.76m NOK 534.19m NOK
-1.9%
Cash
32.39m NOK 13.98m NOK
-56.8%
Total assets
3.43bn NOK 1.25bn NOK
-63.6%

What improved

  • ↑

    Operating result improved

    Operating result -240.04m NOK → -7.02m NOK (op. margin -3.6% → -0.1%). Calculated

  • ↑

    Net result improved

    Net result +1.36m NOK → +139.43m NOK (net margin 0.0% → 2.1%). Calculated

  • ↑

    Payroll decreased

    Salary cost 2.36bn NOK → 2.53m NOK (35% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 6.69bn NOK to 6.64bn NOK (-0.7% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 544.76m NOK → 534.19m NOK (equity ratio 15.9% → 42.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 32.39m NOK → 13.98m NOK (-56.8% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 867.63m NOK → 867.58m NOK. Reported fact