ABILITY MANAGEMENT AS: årsregnskap 2020 vs 2019
Grew 19% on revenue, stronger earnings
approved 2021-08-31; registry 2021-10-07; journal 2021 779405
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABILITY MANAGEMENT AS. Revenue 28.49m NOK → 33.93m NOK (+19.1%). Net result +3.96m NOK → +25.15m NOK. Equity 12.07m NOK → 30.06m NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABILITY MANAGEMENT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 28.49m NOK to 33.93m NOK (+19.1% YoY). Calculated
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Operating result improved
Operating result -788.9k NOK → +872.1k NOK (op. margin -2.8% → 2.6%). Calculated
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Net result improved
Net result +3.96m NOK → +25.15m NOK (net margin 13.9% → 74.1%). Calculated
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Equity strengthened
Book equity 12.07m NOK → 30.06m NOK (equity ratio 18.8% → 17.6%). Calculated
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Cash rose
Bank deposits 778.7k NOK → 31.96m NOK (+4004.2% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 20.27m NOK → 23.55m NOK (71% → 69% of revenue). Calculated
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COGS fell
COGS / varekostnad 433.8k NOK → 327.0k NOK (-24.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 100.0k NOK → 52.89m NOK. Reported fact