ABG BUSINESS MANAGEMENT AS: årsregnskap 2020 vs 2019
Grew 19360% on revenue, weaker earnings, fresh owner capital
approved 2021-05-07; registry 2021-08-03; journal 2021 571764
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABG BUSINESS MANAGEMENT AS. Revenue 30.9k NOK → 6.00m NOK (+19360.2%). Net result +738.9k NOK → +181.8k NOK. Equity 841.4k NOK → 362.5k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ABG BUSINESS MANAGEMENT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 30.9k NOK to 6.00m NOK (+19360.2% YoY). Calculated
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Operating result improved
Operating result +1.01m NOK → +2.75m NOK (op. margin 3272.3% → 45.9%). Calculated
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Cash rose
Bank deposits 592.7k NOK → 4.30m NOK (+624.9% YoY). Calculated
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Owners injected capital
Paid-in equity rose 102.5k NOK → 362.5k NOK (+260.0k NOK). Reported fact
What deteriorated
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↓
Net result weakened
Net result +738.9k NOK → +181.8k NOK (net margin 2395.1% → 3.0%). Calculated
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Equity eroded
Book equity 841.4k NOK → 362.5k NOK (equity ratio 117.4% → 7.8%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 7.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 569.4k NOK → 2.73m NOK (1846% → 45% of revenue). Calculated