FirmaIQ
Org.nr 921 325 177 2019 → 2020 Year-over-year analysis

ABG PAYMENT SYSTEMS AS: årsregnskap 2020 vs 2019

Weaker earnings, cash halved-plus

approved 2021-10-10; registry 2021-10-12; journal 2021 885430

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABG PAYMENT SYSTEMS AS. Revenue 275.9k NOK → 264.6k NOK (-4.1%). Net result -65.3k NOK → -103.3k NOK. Equity 0 NOK → 0 NOK.

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

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABG PAYMENT SYSTEMS AS.

At a glance

Scorecard

Revenue
275.9k NOK 264.6k NOK
-4.1%
Operating result
-65.3k NOK -103.3k NOK
-58.2%
Net result
-65.3k NOK -103.3k NOK
-58.2%
Equity
0 NOK 0 NOK
0.0%
Cash
70.5k NOK 3 304 NOK
-95.3%
Total assets
169.0k NOK 211.4k NOK
+25.1%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 275.9k NOK to 264.6k NOK (-4.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -65.3k NOK → -103.3k NOK (op. margin -23.7% → -39.0%). Calculated

  • ↓

    Net result weakened

    Net result -65.3k NOK → -103.3k NOK (net margin -23.7% → -39.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 70.5k NOK → 3 304 NOK (-95.3% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation