ABC ENTREPRENØR AS: årsregnskap 2020 vs 2019
Shrank 41% on revenue, weaker earnings, cash halved-plus
approved 2021-08-20; registry 2021-09-07; journal 2021 677330
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABC ENTREPRENØR AS. Revenue 41.63m NOK → 24.45m NOK (-41.3%). Net result +727.5k NOK → +513.9k NOK. Equity 3.76m NOK → 4.21m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ABC ENTREPRENØR AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 3.76m NOK → 4.21m NOK (equity ratio 32.3% → 32.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 41.63m NOK to 24.45m NOK (-41.3% YoY). Calculated
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↓
Operating result weakened
Operating result +841.4k NOK → +774.5k NOK (op. margin 2.0% → 3.2%). Calculated
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↓
Net result weakened
Net result +727.5k NOK → +513.9k NOK (net margin 1.7% → 2.1%). Calculated
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↓
Cash fell
Bank deposits 2.41m NOK → 316.4k NOK (-86.9% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 8.12m NOK → 8.49m NOK (20% → 35% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.41m NOK → 316.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 29.31m NOK → 12.55m NOK (-57.2% YoY). Calculated