ABELON GROUP AS: årsregnskap 2020 vs 2019
Weaker earnings
approved 2021-08-31; registry 2021-09-29; journal 2021 750591
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABELON GROUP AS. Revenue 5.21m NOK → 5.43m NOK (+4.1%). Net result +394.5k NOK → +105.6k NOK. Equity 1.79m NOK → 1.72m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABELON GROUP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.21m NOK to 5.43m NOK (+4.1% YoY). Calculated
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↑
Cash rose
Bank deposits 157.0k NOK → 275.7k NOK (+75.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +760.4k NOK → +236.1k NOK (op. margin 14.6% → 4.3%). Calculated
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↓
Net result weakened
Net result +394.5k NOK → +105.6k NOK (net margin 7.6% → 1.9%). Calculated
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↓
Equity eroded
Book equity 1.79m NOK → 1.72m NOK (equity ratio 33.3% → 65.8%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.15m NOK → 2.83m NOK (22% → 52% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 77.9k NOK → 560.3k NOK (+619.4% YoY). Calculated