FirmaIQ
Org.nr 925 102 423 2019 → 2020 Year-over-year analysis

ABEL FINANS AS: årsregnskap 2020 vs 2019

Weaker earnings, cash halved-plus

approved 2021-08-31; registry 2021-10-11; journal 2021 795533

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABEL FINANS AS. Revenue 741.9k NOK → 741.9k NOK (0.0%). Net result +438.4k NOK → +329.8k NOK. Equity 2.11m NOK → 2.06m NOK.

Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABEL FINANS AS.

At a glance

Scorecard

Revenue
741.9k NOK 741.9k NOK
0.0%
Operating result
+558.9k NOK +451.0k NOK
-19.3%
Net result
+438.4k NOK +329.8k NOK
-24.8%
Equity
2.11m NOK 2.06m NOK
-2.0%
Cash
946.7k NOK 151.5k NOK
-84.0%
Total assets
2.24m NOK 2.54m NOK
+13.2%

What deteriorated

  • ↓

    Operating result weakened

    Operating result +558.9k NOK → +451.0k NOK (op. margin 75.3% → 60.8%). Calculated

  • ↓

    Net result weakened

    Net result +438.4k NOK → +329.8k NOK (net margin 59.1% → 44.4%). Calculated

  • ↓

    Equity eroded

    Book equity 2.11m NOK → 2.06m NOK (equity ratio 93.9% → 81.2%). Calculated

  • ↓

    Cash fell

    Bank deposits 946.7k NOK → 151.5k NOK (-84.0% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 590.5k NOK → 774.5k NOK. Reported fact