ABC STARTSIDEN AS: årsregnskap 2020 vs 2019
Shrank 20% on revenue, weaker earnings, cash halved-plus
approved 2021-06-23; registry 2021-10-20; journal 2021 837426
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABC STARTSIDEN AS. Revenue 118.26m NOK → 95.17m NOK (-19.5%). Net result +7.82m NOK → +5.07m NOK. Equity 18.76m NOK → 9.77m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for ABC STARTSIDEN AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 60.80m NOK → 49.70m NOK (51% → 52% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 118.26m NOK to 95.17m NOK (-19.5% YoY). Calculated
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↓
Operating result weakened
Operating result +9.64m NOK → +6.34m NOK (op. margin 8.1% → 6.7%). Calculated
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↓
Net result weakened
Net result +7.82m NOK → +5.07m NOK (net margin 6.6% → 5.3%). Calculated
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↓
Equity eroded
Book equity 18.76m NOK → 9.77m NOK (equity ratio 37.0% → 23.3%). Calculated
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↓
Cash fell
Bank deposits 31.51m NOK → 12.19m NOK (-61.3% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (31.51m NOK → 12.19m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 13.75m NOK → 9.77m NOK — check capital reduction, conversion, or reclassification. Interpretation