ABC SOLUTIONS HOLDING AS: årsregnskap 2020 vs 2019
Shrank 16% on revenue, stronger earnings
approved 2021-05-12; registry 2021-06-12; journal 2021 300908
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABC SOLUTIONS HOLDING AS. Revenue 2.44m NOK → 2.05m NOK (-15.9%). Net result +1.16m NOK → +1.98m NOK. Equity 3.88m NOK → 4.36m NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABC SOLUTIONS HOLDING AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +1.16m NOK → +1.98m NOK (net margin 47.7% → 96.6%). Calculated
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Equity strengthened
Book equity 3.88m NOK → 4.36m NOK (equity ratio 72.2% → 76.3%). Calculated
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Cash rose
Bank deposits 526.9k NOK → 1.18m NOK (+123.3% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.44m NOK to 2.05m NOK (-15.9% YoY). Calculated
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Operating result weakened
Operating result -37.2k NOK → -373.9k NOK (op. margin -1.5% → -18.2%). Calculated
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Payroll up without matching revenue
Salary cost 1.88m NOK → 1.99m NOK (77% → 97% of revenue). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 375.0k NOK → 1.23m NOK. Reported fact