ABILITY GROUP AS: årsregnskap 2021 vs 2020
Grew 2301% on revenue, returned to profit, cash halved-plus
approved 2022-06-30; registry 2022-07-28; journal 2022 807120
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABILITY GROUP AS. Revenue 5 560 NOK → 133.5k NOK (+2301.4%). Net result -50.1k NOK → +78.6k NOK. Equity -571.0k NOK → -492.4k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABILITY GROUP AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5 560 NOK to 133.5k NOK (+2301.4% YoY). Calculated
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Operating result improved
Operating result -26.5k NOK → +79.4k NOK (op. margin -477.2% → 59.5%). Calculated
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Turned profitable
Net result flipped from a loss of 50.1k NOK to a profit of 78.6k NOK. Calculated
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Equity strengthened
Book equity -571.0k NOK → -492.4k NOK (equity ratio -7685.8% → -43270.2%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 6 554 NOK → 1 138 NOK (-82.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -43270.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation