FirmaIQ
Org.nr 914 081 041 2019 → 2020 Year-over-year analysis

ABEL UTVIKLING AS: årsregnskap 2020 vs 2019

Slipped into loss, cash halved-plus

registry 2021-06-16; journal 2021 432012

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABEL UTVIKLING AS. Revenue 0 NOK → 0 NOK (0.0%). Net result +8 125 NOK → -1 507 NOK. Equity 6 568 NOK → 5 061 NOK.

Pressures included: operating result weakened; fell into a net loss; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABEL UTVIKLING AS.

At a glance

Scorecard

Revenue
0 NOK 0 NOK
0.0%
Operating result
+8 125 NOK -1 509 NOK
-118.6%
Net result
+8 125 NOK -1 507 NOK
-118.5%
Equity
6 568 NOK 5 061 NOK
-22.9%
Cash
154.2k NOK 10.5k NOK
-93.2%
Total assets
304.2k NOK 314.6k NOK
+3.4%

What deteriorated

  • ↓

    Operating result weakened

    Operating result +8 125 NOK → -1 509 NOK. Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 8 125 NOK profit to a loss of 1 507 NOK. Calculated

  • ↓

    Equity eroded

    Book equity 6 568 NOK → 5 061 NOK (equity ratio 2.2% → 1.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 154.2k NOK → 10.5k NOK (-93.2% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 1.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation