ABCB AS: årsregnskap 2020 vs 2019
Grew 361% on revenue
approved 2021-02-22; registry 2021-03-03; journal 2021 133345
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABCB AS. Revenue 862.8k NOK → 3.98m NOK (+361.2%). Equity 894.2k NOK → 256.0k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ABCB AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 862.8k NOK to 3.98m NOK (+361.2% YoY). Calculated
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↑
Cash rose
Bank deposits 11 NOK → 1.22bn NOK (+11068188036.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 91965.98×. Calculated
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↑
Payroll decreased
Salary cost 96.2k NOK → 25.2k NOK (11% → 1% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 894.2k NOK → 256.0k NOK (equity ratio 95.1% → 94.9%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 2 951 NOK → 3.49m NOK (+118016.3% YoY). Calculated