ABG PAYMENT SYSTEMS AS: årsregnskap 2021 vs 2020
Shrank 95% on revenue, cash halved-plus
approved 2023-04-10; registry 2023-04-19; journal 2023 357868
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABG PAYMENT SYSTEMS AS. Revenue 264.6k NOK → 12.0k NOK (-95.5%). Net result -103.3k NOK → -90.0k NOK. Equity 0 NOK → -58.1k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABG PAYMENT SYSTEMS AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -103.3k NOK → -90.0k NOK (net margin -39.0% → -748.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 264.6k NOK to 12.0k NOK (-95.5% YoY). Calculated
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↓
Operating result weakened
Operating result -103.3k NOK → -113.0k NOK (op. margin -39.0% → -939.0%). Calculated
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↓
Equity eroded
Book equity 0 NOK → -58.1k NOK (equity ratio 0.0% → -17.4%). Calculated
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↓
Cash fell
Bank deposits 3 304 NOK → 306 NOK (-90.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -17.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation