ABBAS AS: årsregnskap 2020 vs 2019
Shrank 17% on revenue, slipped into loss
approved 2020-12-31; registry 2021-11-03; journal 2021 892945
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABBAS AS. Revenue 10.52m NOK → 8.78m NOK (-16.5%). Net result +61.3k NOK → -932.6k NOK. Equity 701.0k NOK → 10 NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABBAS AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 437.3k NOK → 726.0k NOK (+66.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.52m NOK to 8.78m NOK (-16.5% YoY). Calculated
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↓
Operating result weakened
Operating result +90.2k NOK → -938.1k NOK (op. margin 0.9% → -10.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 61.3k NOK profit to a loss of 932.6k NOK. Calculated
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↓
Equity eroded
Book equity 701.0k NOK → 10 NOK (equity ratio 40.6% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 3.13m NOK → 2.82m NOK (-10.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 800.0k NOK → 101.1k NOK. Reported fact