ABC CLAUSEN AS: årsregnskap 2021 vs 2020
Shrank 14% on revenue, stronger earnings
approved 2022-08-24; registry 2022-09-03; journal 2022 912857
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABC CLAUSEN AS. Revenue 7.22m NOK → 6.21m NOK (-13.9%). Net result +312.8k NOK → +420.3k NOK. Equity 631.0k NOK → 51.3k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABC CLAUSEN AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +437.8k NOK → +635.7k NOK (op. margin 6.1% → 10.2%). Calculated
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Net result improved
Net result +312.8k NOK → +420.3k NOK (net margin 4.3% → 6.8%). Calculated
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Cash rose
Bank deposits 63.8k NOK → 200.4k NOK (+214.4% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 7.22m NOK to 6.21m NOK (-13.9% YoY). Calculated
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Equity eroded
Book equity 631.0k NOK → 51.3k NOK (equity ratio 48.8% → 2.7%). Calculated
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Payroll up without matching revenue
Salary cost 1.03m NOK → 1.74m NOK (14% → 28% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 2.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 4.66m NOK → 3.81m NOK (-18.4% YoY). Calculated