ABELLO AS: årsregnskap 2021 vs 2020
Shrank 43% on revenue, slipped into loss, cash halved-plus
approved 2022-12-20; registry 2022-12-24; journal 2022 947750
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABELLO AS. Revenue 3.17m NOK → 1.81m NOK (-42.9%). Net result +95.8k NOK → -64.1k NOK. Equity 192.6k NOK → 128.5k NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABELLO AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.03× → 2.13×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.17m NOK to 1.81m NOK (-42.9% YoY). Calculated
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↓
Operating result weakened
Operating result -40.1k NOK → -132.0k NOK (op. margin -1.3% → -7.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 95.8k NOK profit to a loss of 64.1k NOK. Calculated
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↓
Equity eroded
Book equity 192.6k NOK → 128.5k NOK (equity ratio 26.1% → 9.5%). Calculated
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↓
Cash fell
Bank deposits 541.0k NOK → 241.0k NOK (-55.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 1.61m NOK → 217.1k NOK (-86.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 573.6k NOK → 657.8k NOK. Reported fact