ABD RØRSERVICE AS: årsregnskap 2020 vs 2019
Grew 6% on revenue, weaker earnings, cash halved-plus
approved 2021-06-16; registry 2021-07-14; journal 2021 485292
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABD RØRSERVICE AS. Revenue 18.18m NOK → 19.28m NOK (+6.1%). Net result +448.6k NOK → +199.8k NOK. Equity 1.91m NOK → 2.11m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABD RØRSERVICE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 18.18m NOK to 19.28m NOK (+6.1% YoY). Calculated
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↑
Equity strengthened
Book equity 1.91m NOK → 2.11m NOK (equity ratio 20.9% → 29.4%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +593.9k NOK → +314.6k NOK (op. margin 3.3% → 1.6%). Calculated
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↓
Net result weakened
Net result +448.6k NOK → +199.8k NOK (net margin 2.5% → 1.0%). Calculated
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↓
Cash fell
Bank deposits 4.95m NOK → 1.97m NOK (-60.3% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (4.95m NOK → 1.97m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 5.48m NOK → 5.95m NOK (30% → 31% of revenue). Calculated
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COGS moved
COGS / varekostnad 9.64m NOK → 10.20m NOK (+5.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 296.8k NOK → 287.4k NOK. Reported fact