FirmaIQ
Org.nr 992 294 019 2019 → 2020 Year-over-year analysis

ABC TURBUSSER AS: årsregnskap 2020 vs 2019

Shrank 50% on revenue, slipped into loss

approved 2021-05-07; registry 2021-05-18; journal 2021 297898

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABC TURBUSSER AS. Revenue 2.82m NOK → 1.41m NOK (-49.9%). Net result +102.7k NOK → -581.1k NOK. Equity 1.47m NOK → 7.89m NOK.

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

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
2.82m NOK 1.41m NOK
-49.9%
Operating result
+170.2k NOK -642.7k NOK
-477.7%
Net result
+102.7k NOK -581.1k NOK
-665.6%
Equity
1.47m NOK 7.89m NOK
+436.0%
Cash
1.82m NOK 1.24m NOK
-31.9%
Total assets
4.18m NOK 3.14m NOK
-24.8%

What improved

  • ↑

    Equity strengthened

    Book equity 1.47m NOK → 7.89m NOK (equity ratio 35.2% → 251.2%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.82m NOK to 1.41m NOK (-49.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +170.2k NOK → -642.7k NOK (op. margin 6.0% → -45.5%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 102.7k NOK profit to a loss of 581.1k NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 1.82m NOK → 1.24m NOK (-31.9% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.04m NOK → 2.79m NOK (37% → 198% of revenue). Calculated