ABC FALLSIKRING AS: årsregnskap 2020 vs 2019
Shrank 63% on revenue, slipped into loss
approved 2021-04-30; registry 2021-06-30; journal 2021 500042
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABC FALLSIKRING AS. Revenue 364.7k NOK → 133.1k NOK (-63.5%). Net result +22.9k NOK → -555.6k NOK. Equity 47.4k NOK → -508.2k 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. All figures are taken from the published annual accounts for ABC FALLSIKRING AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 36.3k NOK → 74.7k NOK (+105.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 364.7k NOK to 133.1k NOK (-63.5% YoY). Calculated
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↓
Operating result weakened
Operating result +31.7k NOK → -519.6k NOK (op. margin 8.7% → -390.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 22.9k NOK profit to a loss of 555.6k NOK. Calculated
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↓
Equity eroded
Book equity 47.4k NOK → -508.2k NOK (equity ratio 24.3% → -98.6%). Calculated
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↓
COGS moved
COGS / varekostnad 248.0k NOK → 913.4k NOK (+268.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -98.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation