FirmaIQ
Org.nr 917 095 019 2019 → 2020 Year-over-year analysis

ABK TEKNIKK AS: årsregnskap 2020 vs 2019

Shrank 30% on revenue, slipped into loss, cash halved-plus

approved 2021-05-26; registry 2021-06-29; journal 2021 494347

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABK TEKNIKK AS. Revenue 3.28m NOK → 2.28m NOK (-30.5%). Net result +24.2k NOK → -25.2k NOK. Equity 301.0k NOK → 275.8k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABK TEKNIKK AS.

At a glance

Scorecard

Revenue
3.28m NOK 2.28m NOK
-30.5%
Operating result
+41.4k NOK -6 678 NOK
-116.1%
Net result
+24.2k NOK -25.2k NOK
-204.2%
Equity
301.0k NOK 275.8k NOK
-8.4%
Cash
377.7k NOK 65.1k NOK
-82.8%
Total assets
1.34m NOK 1.07m NOK
-20.5%

What improved

  • ↑

    Payroll decreased

    Salary cost 2.30m NOK → 1.51m NOK (70% → 66% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.28m NOK to 2.28m NOK (-30.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +41.4k NOK → -6 678 NOK (op. margin 1.3% → -0.3%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 24.2k NOK profit to a loss of 25.2k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 301.0k NOK → 275.8k NOK (equity ratio 22.4% → 25.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 377.7k NOK → 65.1k NOK (-82.8% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 72.5k NOK → 22.2k NOK (-69.4% YoY). Calculated