FirmaIQ
Org.nr 964 042 721 2019 → 2020 Year-over-year analysis

ABEL EIENDOMSFORVALTNING AS: årsregnskap 2020 vs 2019

Weaker earnings

approved 2021-08-31; registry 2021-09-25; journal 2021 739071

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABEL EIENDOMSFORVALTNING AS. Revenue 9.45m NOK → 9.10m NOK (-3.6%). Net result +2.71m NOK → +240.3k NOK. Equity 3.48m NOK → 3.44m NOK.

On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
9.45m NOK 9.10m NOK
-3.6%
Operating result
+632.2k NOK +333.4k NOK
-47.3%
Net result
+2.71m NOK +240.3k NOK
-91.1%
Equity
3.48m NOK 3.44m NOK
-0.9%
Cash
33.0k NOK 1.24m NOK
+3640.9%
Total assets
14.99m NOK 15.19m NOK
+1.3%

What improved

  • ↑

    Cash rose

    Bank deposits 33.0k NOK → 1.24m NOK (+3640.9% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 9.45m NOK to 9.10m NOK (-3.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +632.2k NOK → +333.4k NOK (op. margin 6.7% → 3.7%). Calculated

  • ↓

    Net result weakened

    Net result +2.71m NOK → +240.3k NOK (net margin 28.7% → 2.6%). Calculated

  • ↓

    Equity eroded

    Book equity 3.48m NOK → 3.44m NOK (equity ratio 23.2% → 22.7%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 5.86m NOK → 6.15m NOK (62% → 68% of revenue). Calculated