ABEL INSTITUTTET AS: årsregnskap 2020 vs 2019
Shrank 18% on revenue, cash halved-plus
approved 2021-08-04; registry 2021-09-25; journal 2021 804426
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABEL INSTITUTTET AS. Revenue 548.4k NOK → 451.9k NOK (-17.6%). Net result +25.8k NOK → +20.5k NOK. Equity 80.3k NOK → 100.8k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 80.3k NOK → 100.8k NOK (equity ratio 25.0% → 26.1%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 548.4k NOK to 451.9k NOK (-17.6% YoY). Calculated
-
↓
Operating result weakened
Operating result +31.5k NOK → +26.3k NOK (op. margin 5.7% → 5.8%). Calculated
-
↓
Net result weakened
Net result +25.8k NOK → +20.5k NOK (net margin 4.7% → 4.5%). Calculated
-
↓
Cash fell
Bank deposits 44.3k NOK → 17.6k NOK (-60.2% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 2 128 NOK → 403.9k NOK (0% → 89% of revenue). Calculated