ABEL MEYERSGATE 2 AS: årsregnskap 2020 vs 2019
Another loss-making year
approved 2021-04-30; registry 2021-09-27; journal 2021 744871
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABEL MEYERSGATE 2 AS. Revenue 263.2k NOK → 271.6k NOK (+3.2%). Net result -17.4k NOK → -12.4k NOK. Equity 146.3k NOK → 133.9k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABEL MEYERSGATE 2 AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 263.2k NOK to 271.6k NOK (+3.2% YoY). Calculated
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↑
Net result improved
Net result -17.4k NOK → -12.4k NOK (net margin -6.6% → -4.6%). Calculated
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↑
Cash rose
Bank deposits 32.7k NOK → 61.6k NOK (+88.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +28.5k NOK → +5 405 NOK (op. margin 10.8% → 2.0%). Calculated
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↓
Equity eroded
Book equity 146.3k NOK → 133.9k NOK (equity ratio 6.4% → 5.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation