ABC DAGLIGVARER AS: årsregnskap 2021 vs 2020
Shrank 6% on revenue, slipped into loss
approved 2022-05-13; registry 2022-07-20; journal 2022 671711
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABC DAGLIGVARER AS. Revenue 22.77m NOK → 21.30m NOK (-6.4%). Net result +214.0k NOK → -138.1k NOK. Equity 405.5k NOK → 267.4k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABC DAGLIGVARER AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 212.6k NOK → 355.7k NOK (+67.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 22.77m NOK to 21.30m NOK (-6.4% YoY). Calculated
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↓
Operating result weakened
Operating result +315.7k NOK → -111.6k NOK (op. margin 1.4% → -0.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 214.0k NOK profit to a loss of 138.1k NOK. Calculated
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↓
Equity eroded
Book equity 405.5k NOK → 267.4k NOK (equity ratio 17.7% → 9.5%). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.54m NOK → 2.69m NOK (11% → 13% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 17.08m NOK → 16.14m NOK (-5.5% YoY). Calculated