FirmaIQ
Org.nr 914 042 232 2020 → 2021 Year-over-year analysis

ABICO AS: årsregnskap 2021 vs 2020

Grew 176% on revenue, stronger earnings

approved 2022-06-28; registry 2022-07-18; journal 2022 658452

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ABICO AS. Revenue 12.62m NOK → 34.81m NOK (+175.7%). Net result +265.8k NOK → +795.2k NOK. Equity 1.32m NOK → 2.12m NOK.

On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABICO AS.

At a glance

Scorecard

Revenue
12.62m NOK 34.81m NOK
+175.7%
Operating result
+388.2k NOK +91.0k NOK
-76.6%
Net result
+265.8k NOK +795.2k NOK
+199.1%
Equity
1.32m NOK 2.12m NOK
+60.1%
Cash
445.3k NOK 426.2k NOK
-4.3%
Total assets
4.45m NOK 7.41m NOK
+66.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 12.62m NOK to 34.81m NOK (+175.7% YoY). Calculated

  • ↑

    Net result improved

    Net result +265.8k NOK → +795.2k NOK (net margin 2.1% → 2.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.32m NOK → 2.12m NOK (equity ratio 29.7% → 28.6%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +388.2k NOK → +91.0k NOK (op. margin 3.1% → 0.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 445.3k NOK → 426.2k NOK (-4.3% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 4.93m NOK → 4.95m NOK (39% → 14% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 241.3k NOK → 22.81m NOK (+9355.5% YoY). Calculated