ABC1 SERVICE AS: årsregnskap 2020 vs 2019
Shrank 19% on revenue, returned to profit
approved 2021-08-30; registry 2021-09-25; journal 2021 803214
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABC1 SERVICE AS. Revenue 427.9k NOK → 346.4k NOK (-19.0%). Net result -65.2k NOK → +178.6k NOK. Equity -15.4k NOK → 163.2k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cogs moved.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -65.4k NOK → +201.6k NOK (op. margin -15.3% → 58.2%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 65.2k NOK to a profit of 178.6k NOK. Calculated
-
↑
Equity strengthened
Book equity -15.4k NOK → 163.2k NOK (equity ratio -14.3% → 99.3%). Calculated
-
↑
Cash rose
Bank deposits 103.2k NOK → 158.8k NOK (+53.9% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.88× → 134.54×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 427.9k NOK to 346.4k NOK (-19.0% YoY). Calculated
-
↓
COGS moved
COGS / varekostnad 2 503 NOK → 15.0k NOK (+498.4% YoY). Calculated