ABC SOLUTIONS AS: årsregnskap 2020 vs 2019
Grew 119% on revenue, stronger earnings, cash halved-plus
approved 2021-08-17; registry 2021-08-28; journal 2021 648485
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABC SOLUTIONS AS. Revenue 4.46m NOK → 9.75m NOK (+118.6%). Net result +165.1k NOK → +245.6k NOK. Equity 475.8k NOK → 1.62m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ABC SOLUTIONS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.46m NOK to 9.75m NOK (+118.6% YoY). Calculated
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Operating result improved
Operating result +211.5k NOK → +596.8k NOK (op. margin 4.7% → 6.1%). Calculated
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Net result improved
Net result +165.1k NOK → +245.6k NOK (net margin 3.7% → 2.5%). Calculated
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Equity strengthened
Book equity 475.8k NOK → 1.62m NOK (equity ratio 52.6% → 289.3%). Calculated
What deteriorated
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Cash fell
Bank deposits 625.4k NOK → 176.8k NOK (-71.7% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 2.11× → 0.60× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS moved
COGS / varekostnad 3.27m NOK → 7.01m NOK (+114.5% YoY). Calculated