FirmaIQ
Org.nr 991 729 666 2019 → 2020 Year-over-year analysis

ABBOTT MEDICAL NORWAY AS: årsregnskap 2020 vs 2019

Shrank 100% on revenue, stronger earnings

approved 2021-06-18; registry 2021-08-05; journal 2021 583241

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABBOTT MEDICAL NORWAY AS. Revenue 124.81m NOK → 132.0k NOK (-99.9%). Net result +1.93m NOK → +2.57m NOK. Equity 15.50m NOK → 18.07m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.

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

At a glance

Scorecard

Revenue
124.81m NOK 132.0k NOK
-99.9%
Operating result
+2.73m NOK +3.35m NOK
+22.7%
Net result
+1.93m NOK +2.57m NOK
+32.9%
Equity
15.50m NOK 18.07m NOK
+16.6%
Cash
13.41m NOK 12.27m NOK
-8.5%
Total assets
43.51m NOK 45.58m NOK
+4.7%

What improved

  • ↑

    Operating result improved

    Operating result +2.73m NOK → +3.35m NOK (op. margin 2.2% → 2540.2%). Calculated

  • ↑

    Net result improved

    Net result +1.93m NOK → +2.57m NOK (net margin 1.5% → 1945.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 15.50m NOK → 18.07m NOK (equity ratio 35.6% → 39.6%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 124.81m NOK to 132.0k NOK (-99.9% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 13.41m NOK → 12.27m NOK (-8.5% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 15.31m NOK → 18.07m NOK (12% → 13691% of revenue). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 15.50m NOK → 200.0k NOK — check capital reduction, conversion, or reclassification. Interpretation