ABEL TECHNOLOGIES AS: årsregnskap 2020 vs 2019
Grew 23% on revenue, weaker earnings
approved 2021-06-30; registry 2021-09-14; journal 2021 706264
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABEL TECHNOLOGIES AS. Revenue 710.2k NOK → 872.5k NOK (+22.8%). Net result -12.6k NOK → -151.3k NOK. Equity -23.1k NOK → -48.7k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABEL TECHNOLOGIES AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 710.2k NOK to 872.5k NOK (+22.8% YoY). Calculated
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↑
Cash rose
Bank deposits 54.0k NOK → 175.3k NOK (+224.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -9 792 NOK → -151.3k NOK (op. margin -1.4% → -17.3%). Calculated
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↓
Net result weakened
Net result -12.6k NOK → -151.3k NOK (net margin -1.8% → -17.3%). Calculated
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↓
Equity eroded
Book equity -23.1k NOK → -48.7k NOK (equity ratio -28.9% → -24.5%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 928.7k NOK → 54.5k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 50.0k NOK → 1.30m NOK (7% → 149% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 89.6k NOK → 227.3k NOK (+153.7% YoY). Calculated