FirmaIQ
Org.nr 980 565 777 2020 → 2021 Year-over-year analysis

ABC TOOLS AS: årsregnskap 2021 vs 2020

Shrank 34% on revenue, weaker earnings

approved 2022-02-21; registry 2022-02-28; journal 2022 126418

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ABC TOOLS AS. Revenue 812.6k NOK → 538.1k NOK (-33.8%). Net result +59.5k NOK → +14.6k NOK. Equity 573.8k NOK → 588.4k NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABC TOOLS AS.

At a glance

Scorecard

Revenue
812.6k NOK 538.1k NOK
-33.8%
Operating result
+57.4k NOK +20.5k NOK
-64.3%
Net result
+59.5k NOK +14.6k NOK
-75.4%
Equity
573.8k NOK 588.4k NOK
+2.5%
Cash
221.0k NOK 127.8k NOK
-42.2%
Total assets
983.0k NOK 1 125 NOK
-99.9%

What improved

  • ↑

    Equity strengthened

    Book equity 573.8k NOK → 588.4k NOK (equity ratio 58.4% → 52302.8%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 812.6k NOK to 538.1k NOK (-33.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +57.4k NOK → +20.5k NOK (op. margin 7.1% → 3.8%). Calculated

  • ↓

    Net result weakened

    Net result +59.5k NOK → +14.6k NOK (net margin 7.3% → 2.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 221.0k NOK → 127.8k NOK (-42.2% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 2.39× → 0.23× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 587.7k NOK → 398.0k NOK (-32.3% YoY). Calculated