ABBAS GRUPPEN AS: årsregnskap 2021 vs 2020
Shrank 42% on revenue, returned to profit
approved 2021-12-31; registry 2022-07-27; journal 2022 804440
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABBAS GRUPPEN AS. Revenue 2.27m NOK → 1.32m NOK (-41.9%). Net result -434.9k NOK → +19.4k NOK. Equity -729.9k NOK → -710.5k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABBAS GRUPPEN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -439.3k NOK → +18.9k NOK (op. margin -19.3% → 1.4%). Calculated
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Turned profitable
Net result flipped from a loss of 434.9k NOK to a profit of 19.4k NOK. Calculated
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Equity strengthened
Book equity -729.9k NOK → -710.5k NOK (equity ratio -87.9% → -5228.1%). Calculated
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Cash rose
Bank deposits 513.3k NOK → 743.7k NOK (+44.9% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.27m NOK to 1.32m NOK (-41.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.04× → 0.47× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -5228.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 926.1k NOK → 382.1k NOK (-58.7% YoY). Calculated