ABC FORUM AS: årsregnskap 2021 vs 2020
Shrank 69% on revenue, returned to profit, cash halved-plus
approved 2022-05-23; registry 2022-05-25; journal 2022 340378
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABC FORUM AS. Revenue 516.5k NOK → 162.0k NOK (-68.6%). Net result -6 789 NOK → +2.01m NOK. Equity 3.42m NOK → 4.93m NOK.
On the constructive side: turned profitable; equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABC FORUM AS.
At a glance
Scorecard
What improved
-
↑
Turned profitable
Net result flipped from a loss of 6 789 NOK to a profit of 2.01m NOK. Calculated
-
↑
Equity strengthened
Book equity 3.42m NOK → 4.93m NOK (equity ratio 51.6% → 82.3%). Calculated
-
↑
Payroll decreased
Salary cost 302.5k NOK → 49.3k NOK (59% → 30% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 516.5k NOK to 162.0k NOK (-68.6% YoY). Calculated
-
↓
Operating result weakened
Operating result +32.6k NOK → -9 380 NOK (op. margin 6.3% → -5.8%). Calculated
-
↓
Cash fell
Bank deposits 773.4k NOK → 289.8k NOK (-62.5% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 4.11× → 0.32× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 5.72m NOK → 5.60m NOK. Reported fact