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Org.nr 918 755 268 2019 → 2020 Year-over-year analysis

ABEL DESIGN KJØKKEN & GARDEROBE AS: årsregnskap 2020 vs 2019

Stronger earnings

registry 2021-05-06; journal 2021 266001

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABEL DESIGN KJØKKEN & GARDEROBE AS. Revenue 118.6k NOK → 118.6k NOK (0.0%). Net result -167.5k NOK → -65.5k NOK. Equity -91.0k NOK → -156.4k NOK.

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

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABEL DESIGN KJØKKEN & GARDEROBE AS.

At a glance

Scorecard

Revenue
118.6k NOK 118.6k NOK
0.0%
Operating result
-167.6k NOK -65.5k NOK
+60.9%
Net result
-167.5k NOK -65.5k NOK
+60.9%
Equity
-91.0k NOK -156.4k NOK
-72.0%
Cash
800 NOK 903.8k NOK
+112875.0%
Total assets
175.9k NOK 137.8k NOK
-21.7%

What improved

  • ↑

    Operating result improved

    Operating result -167.6k NOK → -65.5k NOK (op. margin -141.3% → -55.2%). Calculated

  • ↑

    Net result improved

    Net result -167.5k NOK → -65.5k NOK (net margin -141.3% → -55.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 800 NOK → 903.8k NOK (+112875.0% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity -91.0k NOK → -156.4k NOK (equity ratio -51.7% → -113.5%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -113.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation