ABILITY AS: årsregnskap 2020 vs 2019
Grew 77% on revenue, stronger earnings, cash halved-plus
approved 2021-01-10; registry 2021-02-23; journal 2021 123636
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABILITY AS. Revenue 22.3k NOK → 39.6k NOK (+77.5%). Net result +27.5k NOK → +100.9k NOK. Equity 243.0k NOK → 343.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for ABILITY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 22.3k NOK to 39.6k NOK (+77.5% YoY). Calculated
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Operating result improved
Operating result -11.9k NOK → +16.4k NOK (op. margin -53.4% → 41.5%). Calculated
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Net result improved
Net result +27.5k NOK → +100.9k NOK (net margin 123.2% → 254.7%). Calculated
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Equity strengthened
Book equity 243.0k NOK → 343.9k NOK (equity ratio 1763.2% → 30.7%). Calculated
What deteriorated
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Cash fell
Bank deposits 150.2k NOK → 4 389 NOK (-97.1% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.58× → 0.05× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS moved
COGS / varekostnad 0 NOK → 17.8k NOK (None YoY). Calculated
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Book investments changed
Investment / intangible book value 857.6k NOK → 117.1k NOK. Reported fact