Org.nr 919 604 662 2019 → 2020 Year-over-year analysis

ABELEE AS: årsregnskap 2020 vs 2019

Shrank 67% on revenue, fresh owner capital

approved 2021-02-25; registry 2021-03-17; journal 2021 149661

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2020 with 2019 for ABELEE AS. Revenue 1.19m NOK → 390.3k NOK (-67.2%). Equity 137.24m NOK → 119.36m NOK.

On the constructive side: owners injected capital. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABELEE AS.

Scorecard

Revenue
1.19m NOK 390.3k NOK
-67.2%
Operating result
-38.05m NOK -54.58m NOK
-43.4%
Net result
n/m -54.87m NOK
—
Equity
137.24m NOK 119.36m NOK
-13.0%
Cash
125.28m NOK 97.73m NOK
-22.0%
Total assets
143.26m NOK 131.30m NOK
-8.3%

What improved

  • ↑

    Owners injected capital

    Paid-in equity rose 189.0k NOK → 232.19m NOK (+232.00m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.19m NOK to 390.3k NOK (-67.2% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -38.05m NOK → -54.58m NOK (op. margin -3198.5% → -13982.5%). Calculated

  • ↓

    Equity eroded

    Book equity 137.24m NOK → 119.36m NOK (equity ratio 95.8% → 90.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 125.28m NOK → 97.73m NOK (-22.0% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 15.56m NOK → 22.66m NOK (1308% → 5806% of revenue). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 8.55m NOK → 1.80m NOK. Reported fact