ABELVÆR FILETFABRIKK AS: årsregnskap 2020 vs 2019
Grew 201% on revenue, weaker earnings
approved 2021-09-17; registry 2021-10-13; journal 2021 810781
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABELVÆR FILETFABRIKK AS. Revenue 14.95m NOK → 45.00m NOK (+201.0%). Net result +590.2k NOK → +114.2k NOK. Equity 6.99m NOK → 1.10m NOK.
On the constructive side: revenue 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 ABELVÆR FILETFABRIKK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 14.95m NOK to 45.00m NOK (+201.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +760.0k NOK → +161.1k NOK (op. margin 5.1% → 0.4%). Calculated
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↓
Net result weakened
Net result +590.2k NOK → +114.2k NOK (net margin 3.9% → 0.3%). Calculated
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↓
Equity eroded
Book equity 6.99m NOK → 1.10m NOK (equity ratio 111.8% → 16.7%). Calculated
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↓
Cash fell
Bank deposits 910.2k NOK → 772.2k NOK (-15.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 777.98× → 0.74× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 9 775 NOK → 17.46m NOK (0% → 39% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1 583 NOK → 21.89m NOK (+1382812.3% YoY). Calculated