ABELS GATE 22 AS: årsregnskap 2020 vs 2019
Shrank 89% on revenue, weaker earnings, fresh owner capital
approved 2021-01-04; registry 2021-03-24; journal 2021 167417
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABELS GATE 22 AS. Revenue 440.4k NOK → 50.0k NOK (-88.6%). Net result +3.24m NOK → +302 NOK. Equity -883.0k NOK → -882.7k NOK.
On the constructive side: cash rose; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABELS GATE 22 AS.
At a glance
Scorecard
What improved
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Cash rose
Bank deposits 7 311 NOK → 82.6k NOK (+1029.9% YoY). Calculated
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Owners injected capital
Paid-in equity rose 22.5k NOK → 30.0k NOK (+7 497 NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 440.4k NOK to 50.0k NOK (-88.6% YoY). Calculated
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↓
Operating result weakened
Operating result +4.38m NOK → +50.0k NOK (op. margin 994.7% → 100.0%). Calculated
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Net result weakened
Net result +3.24m NOK → +302 NOK (net margin 736.9% → 0.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -34.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation