ABC-TAKST AS: årsregnskap 2020 vs 2019
Shrank 13% on revenue, stronger earnings
approved 2021-06-15; registry 2021-10-04; journal 2021 859308
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABC-TAKST AS. Revenue 446.1k NOK → 386.4k NOK (-13.4%). Net result -265.2k NOK → -156.9k NOK. Equity -269.8k NOK → -426.8k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABC-TAKST AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -342.1k NOK → -23.3k NOK (op. margin -76.7% → -6.0%). Calculated
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↑
Net result improved
Net result -265.2k NOK → -156.9k NOK (net margin -59.4% → -40.6%). Calculated
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Payroll decreased
Salary cost 466.2k NOK → 101.5k NOK (105% → 26% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 446.1k NOK to 386.4k NOK (-13.4% YoY). Calculated
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↓
Equity eroded
Book equity -269.8k NOK → -426.8k NOK (equity ratio -63.1% → -108.4%). Calculated
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↓
Cash fell
Bank deposits 17.4k NOK → 8 908 NOK (-48.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -108.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 46.4k NOK → 27.8k NOK (-40.0% YoY). Calculated