ABEVENTS AS: årsregnskap 2020 vs 2019
Grew 81355% on revenue, weaker earnings, cash halved-plus
approved 2020-12-31; registry 2021-09-20; journal 2021 773139
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABEVENTS AS. Revenue 1 261 NOK → 1.03m NOK (+81355.2%). Net result -17.5k NOK → -257.1k NOK. Equity 12.5k NOK → -244.1k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ABEVENTS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 261 NOK to 1.03m NOK (+81355.2% YoY). Calculated
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↑
Payroll decreased
Salary cost 6 879 NOK → 2 NOK (546% → 0% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -10.6k NOK → -235.4k NOK (op. margin -838.5% → -22.9%). Calculated
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↓
Net result weakened
Net result -17.5k NOK → -257.1k NOK (net margin -1386.1% → -25.0%). Calculated
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↓
Equity eroded
Book equity 12.5k NOK → -244.1k NOK (equity ratio 1.6% → -30.4%). Calculated
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↓
Cash fell
Bank deposits 134.7k NOK → 7 568 NOK (-94.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.03× → 0.03× — 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 -30.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 998 NOK → 46.4k NOK (+4546.6% YoY). Calculated