ABILIA AS: årsregnskap 2020 vs 2019
Shrank 14% on revenue, weaker earnings, cash halved-plus
approved 2021-03-19; registry 2021-04-28; journal 2021 209162
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABILIA AS. Revenue 98.94m NOK → 84.93m NOK (-14.2%). Net result +22.58m NOK → +17.44m NOK. Equity 15.89m NOK → 33.33m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ABILIA AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 15.89m NOK → 33.33m NOK (equity ratio 28.6% → 67.5%). Calculated
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↑
Payroll decreased
Salary cost 15.92m NOK → 15.65m NOK (16% → 18% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 98.94m NOK to 84.93m NOK (-14.2% YoY). Calculated
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↓
Operating result weakened
Operating result +28.38m NOK → +21.82m NOK (op. margin 28.7% → 25.7%). Calculated
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↓
Net result weakened
Net result +22.58m NOK → +17.44m NOK (net margin 22.8% → 20.5%). Calculated
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↓
Cash fell
Bank deposits 39.10m NOK → 640.9k NOK (-98.4% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (39.10m NOK → 640.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 460.8k NOK → 20.43m NOK. Reported fact