FirmaIQ
Org.nr 913 174 682 2020 → 2021 Year-over-year analysis

ABC SOLUTIONS AS: årsregnskap 2021 vs 2020

Shrank 12% on revenue, stronger earnings

approved 2022-05-02; registry 2022-05-28; journal 2022 276730

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ABC SOLUTIONS AS. Revenue 9.75m NOK → 8.61m NOK (-11.6%). Net result +245.6k NOK → +880.6k NOK. Equity 1.62m NOK → 1.20m NOK.

On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABC SOLUTIONS AS.

At a glance

Scorecard

Revenue
9.75m NOK 8.61m NOK
-11.6%
Operating result
+596.8k NOK +1.13m NOK
+89.2%
Net result
+245.6k NOK +880.6k NOK
+258.6%
Equity
1.62m NOK 1.20m NOK
-25.9%
Cash
176.8k NOK 814.1k NOK
+360.6%
Total assets
560.5k NOK 1.96m NOK
+249.6%

What improved

  • ↑

    Operating result improved

    Operating result +596.8k NOK → +1.13m NOK (op. margin 6.1% → 13.1%). Calculated

  • ↑

    Net result improved

    Net result +245.6k NOK → +880.6k NOK (net margin 2.5% → 10.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 176.8k NOK → 814.1k NOK (+360.6% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.60× → 2.59×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 9.75m NOK to 8.61m NOK (-11.6% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 1.62m NOK → 1.20m NOK (equity ratio 289.3% → 61.3%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 7.01m NOK → 6.19m NOK (-11.7% YoY). Calculated