ABILITY FM AS: årsregnskap 2020 vs 2019
Stronger earnings, cash halved-plus
approved 2021-08-31; registry 2021-10-06; journal 2021 777825
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABILITY FM AS. Revenue 276.18m NOK → 283.43m NOK (+2.6%). Net result +8.55m NOK → +19.24m NOK. Equity 16.48m NOK → 21.53m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABILITY FM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 276.18m NOK to 283.43m NOK (+2.6% YoY). Calculated
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Operating result improved
Operating result +10.11m NOK → +23.85m NOK (op. margin 3.7% → 8.4%). Calculated
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Net result improved
Net result +8.55m NOK → +19.24m NOK (net margin 3.1% → 6.8%). Calculated
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↑
Equity strengthened
Book equity 16.48m NOK → 21.53m NOK (equity ratio 19.7% → 20.0%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 58.64m NOK → 5.08m NOK (-91.3% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (58.64m NOK → 5.08m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 52.08m NOK → 38.56m NOK (-26.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 37.3k NOK → 39.9k NOK. Reported fact