ABICON GRUPPEN AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2021-06-02; registry 2021-07-03; journal 2021 436352
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABICON GRUPPEN AS. Revenue 162.25m NOK → 0 NOK (-100.0%). Net result +4.31m NOK → +17.64m NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ABICON GRUPPEN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -124.4k NOK → -111.3k NOK. Calculated
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↑
Net result improved
Net result +4.31m NOK → +17.64m NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 162.25m NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Cash fell
Bank deposits 23.40m NOK → 925.9k NOK (-96.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 16538.15× → 0.76× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (23.40m NOK → 925.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 27.56m NOK → 11.56m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 29.34m NOK → 31.29m NOK. Reported fact