ABEA AS: årsregnskap 2020 vs 2019
Grew 625% on revenue, stronger earnings, cash halved-plus
approved 2021-05-27; registry 2021-10-02; journal 2021 767598
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABEA AS. Revenue 1.65m NOK → 11.94m NOK (+625.4%). Net result +2 664 NOK → +73.9k NOK. Equity 32.7k NOK → 11.11m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABEA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.65m NOK to 11.94m NOK (+625.4% YoY). Calculated
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Operating result improved
Operating result +15.5k NOK → +120.5k NOK (op. margin 0.9% → 1.0%). Calculated
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Net result improved
Net result +2 664 NOK → +73.9k NOK (net margin 0.2% → 0.6%). Calculated
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Equity strengthened
Book equity 32.7k NOK → 11.11m NOK (equity ratio 2.7% → 314.0%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 922.9k NOK → 262.9k NOK (-71.5% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.08× → 0.07× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 472.5k NOK → 971.5k NOK (29% → 8% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1 059 NOK → 10.27m NOK (+969589.5% YoY). Calculated