FirmaIQ
Org.nr 914 313 902 2019 → 2020 Year-over-year analysis

ABCHUS AS: årsregnskap 2020 vs 2019

Grew 70412% on revenue, stronger earnings

approved 2021-06-17; registry 2021-07-31; journal 2021 564623

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABCHUS AS. Revenue 610.4k NOK → 430.39m NOK (+70411.7%). Net result -30.27m NOK → -6.01m NOK. Equity 10.21m NOK → 4.84m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABCHUS AS.

At a glance

Scorecard

Revenue
610.4k NOK 430.39m NOK
+70411.7%
Operating result
-38.56m NOK -7.83m NOK
+79.7%
Net result
-30.27m NOK -6.01m NOK
+80.1%
Equity
10.21m NOK 4.84m NOK
-52.5%
Cash
20.41m NOK 20.81m NOK
+2.0%
Total assets
117.08m NOK 70.95m NOK
-39.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 610.4k NOK to 430.39m NOK (+70411.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -38.56m NOK → -7.83m NOK (op. margin -6317.6% → -1.8%). Calculated

  • ↑

    Net result improved

    Net result -30.27m NOK → -6.01m NOK (net margin -4959.1% → -1.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 20.41m NOK → 20.81m NOK (+2.0% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 49.39m NOK → 50.04m NOK (+647.5k NOK). Reported fact

What deteriorated

  • ↓

    Equity eroded

    Book equity 10.21m NOK → 4.84m NOK (equity ratio 8.7% → 6.8%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 6.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation