ABD ELEKTRO AS: årsregnskap 2020 vs 2019
Shrank 9% on revenue, weaker earnings, fresh owner capital
approved 2021-09-22; registry 2021-10-13; journal 2021 809733
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABD ELEKTRO AS. Revenue 7.77m NOK → 7.04m NOK (-9.3%). Net result +6.42m NOK → +543.5k NOK. Equity 786.6k NOK → 1.18m NOK.
On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; net result weakened; payroll up without matching revenue.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +541.0k NOK → +707.9k NOK (op. margin 7.0% → 10.0%). Calculated
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Equity strengthened
Book equity 786.6k NOK → 1.18m NOK (equity ratio 620.3% → 24.5%). Calculated
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Cash rose
Bank deposits 1 172 NOK → 793.4k NOK (+67599.5% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.09× → 1.36×. Calculated
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Owners injected capital
Paid-in equity rose 400 NOK → 400.0k NOK (+399.6k NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 7.77m NOK to 7.04m NOK (-9.3% YoY). Calculated
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Net result weakened
Net result +6.42m NOK → +543.5k NOK (net margin 82.6% → 7.7%). Calculated
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Payroll up without matching revenue
Salary cost 3 930 NOK → 2.64m NOK (0% → 37% of revenue). Calculated
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COGS moved
COGS / varekostnad 1 111 NOK → 2.69m NOK (+241943.2% YoY). Calculated