ABILITY MANAGEMENT AS: årsregnskap 2021 vs 2020
Grew 16% on revenue, weaker earnings, cash halved-plus
approved 2022-06-30; registry 2022-07-25; journal 2022 689198
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABILITY MANAGEMENT AS. Revenue 33.93m NOK → 39.53m NOK (+16.5%). Net result +25.15m NOK → +2.28m NOK. Equity 30.06m NOK → 15.03m NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for ABILITY MANAGEMENT AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 33.93m NOK to 39.53m NOK (+16.5% YoY). Calculated
-
↑
Operating result improved
Operating result +872.1k NOK → +2.74m NOK (op. margin 2.6% → 6.9%). Calculated
What deteriorated
-
↓
Net result weakened
Net result +25.15m NOK → +2.28m NOK (net margin 74.1% → 5.8%). Calculated
-
↓
Equity eroded
Book equity 30.06m NOK → 15.03m NOK (equity ratio 17.6% → 8.9%). Calculated
-
↓
Cash fell
Bank deposits 31.96m NOK → 1.06m NOK (-96.7% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 8.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (31.96m NOK → 1.06m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Payroll increased
Salary cost 23.55m NOK → 24.35m NOK (69% → 62% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 327.0k NOK → 10.3k NOK (-96.8% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 52.89m NOK → 64.89m NOK. Reported fact