FirmaIQ
Org.nr 913 927 621 2020 → 2021 Year-over-year analysis

ABG SCANDINAVIA HOLDINGS AS: årsregnskap 2021 vs 2020

Stronger earnings

approved 2022-06-30; registry 2022-08-13; journal 2022 851820

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ABG SCANDINAVIA HOLDINGS AS. Net result -248.69m NOK → -172.08m NOK. Equity -8.86m NOK → -87.29m NOK.

On the constructive side: operating result improved; net result improved; owners injected capital. Pressures included: equity eroded; cash fell.

Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ABG SCANDINAVIA HOLDINGS AS.

At a glance

Scorecard

Revenue
0 NOK n/m
—
Operating result
-31.2k NOK -23.4k NOK
+25.3%
Net result
-248.69m NOK -172.08m NOK
+30.8%
Equity
-8.86m NOK -87.29m NOK
-885.4%
Cash
1.67m NOK 1.51m NOK
-9.6%
Total assets
151.83m NOK 63.14m NOK
-58.4%

What improved

  • ↑

    Operating result improved

    Operating result -31.2k NOK → -23.4k NOK. Calculated

  • ↑

    Net result improved

    Net result -248.69m NOK → -172.08m NOK. Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 948.41m NOK → 1.04bn NOK (+93.65m NOK). Reported fact

What deteriorated

  • ↓

    Equity eroded

    Book equity -8.86m NOK → -87.29m NOK (equity ratio -5.8% → -138.2%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.67m NOK → 1.51m NOK (-9.6% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -138.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 144.97m NOK → 56.44m NOK. Reported fact