ABILITY INVESTMENT & VENTURE AS: årsregnskap 2020 vs 2019
Grew 26060% on revenue, slipped into loss
approved 2021-08-29; registry 2021-10-04; journal 2021 871626
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABILITY INVESTMENT & VENTURE AS. Revenue 1 125 NOK → 294.3k NOK (+26060.0%). Net result +558.4k NOK → -671.9k NOK. Equity 7.41m NOK → 6.74m NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABILITY INVESTMENT & VENTURE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 125 NOK to 294.3k NOK (+26060.0% YoY). Calculated
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↑
Payroll decreased
Salary cost 65.6k NOK → 55.2k NOK (5828% → 19% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +507.0k NOK → -110.4k NOK (op. margin 45067.4% → -37.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 558.4k NOK profit to a loss of 671.9k NOK. Calculated
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↓
Equity eroded
Book equity 7.41m NOK → 6.74m NOK (equity ratio 94.9% → 96.7%). Calculated
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↓
Cash fell
Bank deposits 138.7k NOK → 110.1k NOK (-20.6% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 404.9k NOK → 214.2k NOK. Reported fact