ABCALES AS: årsregnskap 2021 vs 2020
Shrank 76% on revenue, slipped into loss, cash halved-plus
registry 2022-03-21; journal 2022 155051
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABCALES AS. Revenue 560.0k NOK → 136.6k NOK (-75.6%). Net result +31.5k NOK → -48.7k NOK. Equity 31.0k NOK → -17.7k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABCALES AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 484.2k NOK → 161.6k NOK (86% → 118% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 560.0k NOK to 136.6k NOK (-75.6% YoY). Calculated
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↓
Operating result weakened
Operating result +34.0k NOK → -48.0k NOK (op. margin 6.1% → -35.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 31.5k NOK profit to a loss of 48.7k NOK. Calculated
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↓
Equity eroded
Book equity 31.0k NOK → -17.7k NOK (equity ratio 19.0% → -22.6%). Calculated
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↓
Cash fell
Bank deposits 90.5k NOK → 5 459 NOK (-94.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -22.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation