ABG SUNDAL COLLIER ASA: årsregnskap 2020 vs 2019
Grew 62% on revenue, stronger earnings, cash halved-plus
approved 2021-04-20; registry 2021-07-20; journal 2021 517728
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABG SUNDAL COLLIER ASA. Revenue 675.5k NOK → 1.10m NOK (+62.2%). Net result +204.4k NOK → +398.8k NOK. Equity 614.1k NOK → 632.9k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown. All figures are taken from the published annual accounts for ABG SUNDAL COLLIER ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 675.5k NOK to 1.10m NOK (+62.2% YoY). Calculated
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Net result improved
Net result +204.4k NOK → +398.8k NOK (net margin 30.3% → 36.4%). Calculated
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Equity strengthened
Book equity 614.1k NOK → 632.9k NOK (equity ratio 0.0% → 0.0%). Calculated
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Payroll decreased
Salary cost 375.62m NOK → 554.2k NOK (55607% → 51% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +157.71m NOK → +392.5k NOK (op. margin 23347.2% → 35.8%). Calculated
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Cash fell
Bank deposits 579.24m NOK → 1.28m NOK (-99.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (579.24m NOK → 1.28m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation