ABC RENHOLD & SERVICE AS: årsregnskap 2020 vs 2019
Grew 13% on revenue, slipped into loss
approved 2021-03-12; registry 2021-03-20; journal 2021 157551
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABC RENHOLD & SERVICE AS. Revenue 1.50m NOK → 1.69m NOK (+12.8%). Net result +90.2k NOK → -111.1k NOK. Equity -182.1k NOK → -293.2k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ABC RENHOLD & SERVICE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.50m NOK to 1.69m NOK (+12.8% YoY). Calculated
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↑
Payroll decreased
Salary cost 3.91m NOK → 1 191 NOK (261% → 0% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +98.2k NOK → -106.2k NOK (op. margin 6.6% → -6.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 90.2k NOK profit to a loss of 111.1k NOK. Calculated
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↓
Equity eroded
Book equity -182.1k NOK → -293.2k NOK (equity ratio -238.3% → -286.1%). Calculated
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↓
Cash fell
Bank deposits 33.2k NOK → 22.1k NOK (-33.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -286.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 123.2k NOK → 165.5k NOK (+34.4% YoY). Calculated