ABC TEKSTPRODUKSJON AS: årsregnskap 2020 vs 2019
Shrank 62% on revenue, slipped into loss, cash halved-plus
approved 2021-05-25; registry 2021-07-10; journal 2021 551131
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABC TEKSTPRODUKSJON AS. Revenue 930.9k NOK → 354.6k NOK (-61.9%). Net result +296.4k NOK → -42.1k NOK. Equity 5.54m NOK → 5.50m NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ABC TEKSTPRODUKSJON AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 930.9k NOK to 354.6k NOK (-61.9% YoY). Calculated
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Operating result weakened
Operating result +180.1k NOK → -114.1k NOK (op. margin 19.4% → -32.2%). Calculated
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Fell into a net loss
Net result flipped from 296.4k NOK profit to a loss of 42.1k NOK. Calculated
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Equity eroded
Book equity 5.54m NOK → 5.50m NOK (equity ratio 99.2% → 98.9%). Calculated
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Cash fell
Bank deposits 4.68m NOK → 335.4k NOK (-92.8% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (4.68m NOK → 335.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 805.7k NOK → 5.02m NOK. Reported fact