ABEL MEYERSGATE AS: årsregnskap 2020 vs 2019
Shrank 15% on revenue, returned to profit, cash halved-plus
approved 2021-08-31; registry 2021-09-30; journal 2021 834470
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABEL MEYERSGATE AS. Revenue 535.8k NOK → 453.6k NOK (-15.3%). Net result -149.6k NOK → +100.9k NOK. Equity 2.41m NOK → 2.47m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -192.0k NOK → +129.2k NOK (op. margin -35.8% → 28.5%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 149.6k NOK to a profit of 100.9k NOK. Calculated
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↑
Equity strengthened
Book equity 2.41m NOK → 2.47m NOK (equity ratio 68.4% → 78.4%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.90× → 1.50×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 535.8k NOK to 453.6k NOK (-15.3% YoY). Calculated
-
↓
Cash fell
Bank deposits 327.4k NOK → 141.3k NOK (-56.8% YoY). Calculated