ABILITY KOMPETANSE AS: årsregnskap 2020 vs 2019
Shrank 26% on revenue, weaker earnings
approved 2021-06-12; registry 2021-06-21; journal 2021 455943
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABILITY KOMPETANSE AS. Revenue 778.4k NOK → 577.4k NOK (-25.8%). Net result +89.9k NOK → +19.9k NOK. Equity -341.2k NOK → -321.3k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABILITY KOMPETANSE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -341.2k NOK → -321.3k NOK (equity ratio -103.4% → -141.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 778.4k NOK to 577.4k NOK (-25.8% YoY). Calculated
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↓
Operating result weakened
Operating result +210.8k NOK → +98.4k NOK (op. margin 27.1% → 17.0%). Calculated
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↓
Net result weakened
Net result +89.9k NOK → +19.9k NOK (net margin 11.5% → 3.4%). Calculated
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↓
Payroll up without matching revenue
Salary cost 52.8k NOK → 66.7k NOK (7% → 12% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -141.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 287.3k NOK → 240.3k NOK (-16.3% YoY). Calculated