ABELON TECHNOLOGY AS: årsregnskap 2020 vs 2019
Grew 1523% on revenue, slipped into loss
approved 2021-08-30; registry 2021-09-29; journal 2021 750447
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABELON TECHNOLOGY AS. Revenue 159.9k NOK → 2.60m NOK (+1523.4%). Net result +148.8k NOK → -1.02m NOK. Equity 437.5k NOK → -402.5k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ABELON TECHNOLOGY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 159.9k NOK to 2.60m NOK (+1523.4% YoY). Calculated
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↑
Cash rose
Bank deposits 52.7k NOK → 204.9k NOK (+289.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +191.4k NOK → -1.31m NOK (op. margin 119.7% → -50.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 148.8k NOK profit to a loss of 1.02m NOK. Calculated
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↓
Equity eroded
Book equity 437.5k NOK → -402.5k NOK (equity ratio 9.8% → -17.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 40.19× → 0.08× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -17.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 31.0k NOK → 1.39m NOK (+4401.9% YoY). Calculated