FirmaIQ
Org.nr 922 191 719 2020 → 2021 Year-over-year analysis

ABFAB AS: årsregnskap 2021 vs 2020

Shrank 27% on revenue, weaker earnings, cash halved-plus

approved 2022-05-09; registry 2022-05-12; journal 2022 283721

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ABFAB AS. Revenue 1.90m NOK → 1.39m NOK (-26.9%). Net result +675.2k NOK → +319.3k NOK. Equity 2.39m NOK → 2.31m NOK.

Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ABFAB AS.

At a glance

Scorecard

Revenue
1.90m NOK 1.39m NOK
-26.9%
Operating result
+856.9k NOK +403.2k NOK
-52.9%
Net result
+675.2k NOK +319.3k NOK
-52.7%
Equity
2.39m NOK 2.31m NOK
-3.4%
Cash
2.75m NOK 793.8k NOK
-71.1%
Total assets
2.75m NOK 2.60m NOK
-5.2%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.90m NOK to 1.39m NOK (-26.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +856.9k NOK → +403.2k NOK (op. margin 45.0% → 29.0%). Calculated

  • ↓

    Net result weakened

    Net result +675.2k NOK → +319.3k NOK (net margin 35.5% → 23.0%). Calculated

  • ↓

    Equity eroded

    Book equity 2.39m NOK → 2.31m NOK (equity ratio 86.8% → 88.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.75m NOK → 793.8k NOK (-71.1% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (2.75m NOK → 793.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation