ABELON TECHNOLOGY AS: årsregnskap 2021 vs 2020
Shrank 48% on revenue, returned to profit
approved 2022-06-23; registry 2022-06-30; journal 2022 544357
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABELON TECHNOLOGY AS. Revenue 2.60m NOK → 1.36m NOK (-47.6%). Net result -1.02m NOK → +146.9k NOK. Equity -402.5k NOK → 5 642 NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABELON TECHNOLOGY AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -1.31m NOK → +188.4k NOK (op. margin -50.4% → 13.8%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 1.02m NOK to a profit of 146.9k NOK. Calculated
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↑
Equity strengthened
Book equity -402.5k NOK → 5 642 NOK (equity ratio -17.5% → 0.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.60m NOK to 1.36m NOK (-47.6% YoY). Calculated
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↓
Cash fell
Bank deposits 204.9k NOK → 179.0k NOK (-12.7% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.39m NOK → 206.3k NOK (-85.2% YoY). Calculated