ABC ART BUSINESS COLLECTION AS: årsregnskap 2020 vs 2019
Shrank 40% on revenue, slipped into loss
approved 2021-06-03; registry 2021-06-10; journal 2021 407438
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABC ART BUSINESS COLLECTION AS. Revenue 4.35m NOK → 2.59m NOK (-40.5%). Net result +161.4k NOK → -14.6k NOK. Equity 2.06m NOK → 2.05m NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABC ART BUSINESS COLLECTION AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 23.4k NOK → 42.2k NOK (+80.4% YoY). Calculated
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↑
Payroll decreased
Salary cost 861.3k NOK → 413.8k NOK (20% → 16% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.35m NOK to 2.59m NOK (-40.5% YoY). Calculated
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↓
Operating result weakened
Operating result +357.9k NOK → +163.0k NOK (op. margin 8.2% → 6.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 161.4k NOK profit to a loss of 14.6k NOK. Calculated
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↓
Equity eroded
Book equity 2.06m NOK → 2.05m NOK (equity ratio 50.0% → 48.9%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.78m NOK → 1.25m NOK (-55.0% YoY). Calculated