FirmaIQ
Org.nr 913 960 750 2019 → 2020 Year-over-year analysis

ABC ACCOUNTING AS: årsregnskap 2020 vs 2019

Shrank 6% on revenue, stronger earnings

approved 2021-01-26; registry 2021-02-09; journal 2021 114366

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABC ACCOUNTING AS. Revenue 5.93m NOK → 5.60m NOK (-5.6%). Net result +269.6k NOK → +390.9k NOK. Equity 1.11m NOK → 1.09m NOK.

On the constructive side: net result improved; cash rose; current ratio back above 1×. Pressures included: revenue fell; equity eroded.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
5.93m NOK 5.60m NOK
-5.6%
Operating result
n/m +477.3k NOK
—
Net result
+269.6k NOK +390.9k NOK
+45.0%
Equity
1.11m NOK 1.09m NOK
-1.4%
Cash
347.5k NOK 1.49m NOK
+328.7%
Total assets
2.34m NOK 2.47m NOK
+5.3%

What improved

  • ↑

    Net result improved

    Net result +269.6k NOK → +390.9k NOK (net margin 4.5% → 7.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 347.5k NOK → 1.49m NOK (+328.7% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.28× → 1.72×. Calculated

  • ↑

    Payroll decreased

    Salary cost 4.30m NOK → 3.87m NOK (73% → 69% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.93m NOK to 5.60m NOK (-5.6% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 1.11m NOK → 1.09m NOK (equity ratio 47.2% → 44.2%). Calculated