ABC TOOLS AS: årsregnskap 2020 vs 2019
Grew 274% on revenue, returned to profit
approved 2021-02-22; registry 2021-03-04; journal 2021 134375
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABC TOOLS AS. Revenue 217.5k NOK → 812.6k NOK (+273.7%). Net result -134.1k NOK → +59.5k NOK. Equity 459.2k NOK → 573.8k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ABC TOOLS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 217.5k NOK to 812.6k NOK (+273.7% YoY). Calculated
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Operating result improved
Operating result -133.8k NOK → +57.4k NOK (op. margin -61.5% → 7.1%). Calculated
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Turned profitable
Net result flipped from a loss of 134.1k NOK to a profit of 59.5k NOK. Calculated
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Equity strengthened
Book equity 459.2k NOK → 573.8k NOK (equity ratio 51.2% → 58.4%). Calculated
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Cash rose
Bank deposits 139.4k NOK → 221.0k NOK (+58.6% YoY). Calculated
Things to notice
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COGS moved
COGS / varekostnad 154.5k NOK → 587.7k NOK (+280.3% YoY). Calculated