ABERIA VOKSENTOPPEN AS: årsregnskap 2020 vs 2019
Stronger earnings, cash halved-plus
approved 2021-06-30; registry 2021-07-28; journal 2021 549410
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABERIA VOKSENTOPPEN AS. Revenue 3.67m NOK → 3.72m NOK (+1.3%). Net result +288.8k NOK → +387.7k NOK. Equity 371.4k NOK → 186.4k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABERIA VOKSENTOPPEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.67m NOK to 3.72m NOK (+1.3% YoY). Calculated
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↑
Net result improved
Net result +288.8k NOK → +387.7k NOK (net margin 7.9% → 10.4%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +938.1k NOK → +29.4k NOK (op. margin 25.5% → 0.8%). Calculated
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↓
Equity eroded
Book equity 371.4k NOK → 186.4k NOK (equity ratio 2.6% → 1.3%). Calculated
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↓
Cash fell
Bank deposits 1.41m NOK → 691.1k NOK (-50.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 1.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation