ABCF INVEST AS: årsregnskap 2020 vs 2019
Weaker earnings, cash halved-plus
approved 2021-04-20; registry 2021-05-08; journal 2021 220170
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABCF INVEST AS. Net result +25.87m NOK → +602.5k NOK. Equity 50.14m NOK → 45.74m NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ABCF INVEST AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result -67.9k NOK → -76.3k NOK. Calculated
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↓
Net result weakened
Net result +25.87m NOK → +602.5k NOK. Calculated
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↓
Equity eroded
Book equity 50.14m NOK → 45.74m NOK (equity ratio 100.0% → 100.0%). Calculated
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↓
Cash fell
Bank deposits 22.20m NOK → 6.05m NOK (-72.7% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (22.20m NOK → 6.05m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 16.6k NOK → 10.2k NOK (-38.7% YoY). Calculated