ABELNES MARINA HØVDING AS: årsregnskap 2020 vs 2019
Grew 471% on revenue, stronger earnings
approved 2023-02-23; registry 2023-02-28; journal 2023 313316
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABELNES MARINA HØVDING AS. Revenue 323.3k NOK → 1.85m NOK (+470.9%). Net result -464.1k NOK → -362.5k NOK. Equity 6 176 NOK → -820.5k NOK.
On the constructive side: revenue rose; net result improved; payroll decreased. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ABELNES MARINA HØVDING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 323.3k NOK to 1.85m NOK (+470.9% YoY). Calculated
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Net result improved
Net result -464.1k NOK → -362.5k NOK (net margin -143.6% → -19.6%). Calculated
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Payroll decreased
Salary cost 4.64m NOK → 976.1k NOK (1437% → 53% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -464.1k NOK → -595.5k NOK (op. margin -143.6% → -32.3%). Calculated
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↓
Equity eroded
Book equity 6 176 NOK → -820.5k NOK (equity ratio -5.4% → -82.8%). Calculated
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Cash fell
Bank deposits -145.3k NOK → -420.3k NOK (-189.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -82.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 1 065 NOK → 733.4k NOK (+68766.4% YoY). Calculated