ABEL HEALTH AS: årsregnskap 2020 vs 2019
Shrank 32% on revenue, weaker earnings, cash halved-plus
approved 2021-08-31; registry 2021-11-01; journal 2021 888530
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABEL HEALTH AS. Revenue 8.63m NOK → 5.88m NOK (-31.9%). Net result +243.6k NOK → +126.4k NOK. Equity 435.5k NOK → 561.9k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABEL HEALTH AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 435.5k NOK → 561.9k NOK (equity ratio 16.6% → 20.1%). Calculated
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↑
Payroll decreased
Salary cost 4.91m NOK → 2.39m NOK (57% → 41% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.63m NOK to 5.88m NOK (-31.9% YoY). Calculated
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↓
Operating result weakened
Operating result +331.6k NOK → +161.9k NOK (op. margin 3.8% → 2.8%). Calculated
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↓
Net result weakened
Net result +243.6k NOK → +126.4k NOK (net margin 2.8% → 2.1%). Calculated
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↓
Cash fell
Bank deposits 920.4k NOK → 1 043 NOK (-99.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.18× → 0.73× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 0 NOK → 1 012 NOK. Reported fact