ABK TEKNIKK AS: årsregnskap 2021 vs 2020
Shrank 34% on revenue, weaker earnings
approved 2022-05-03; registry 2022-06-29; journal 2022 543795
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABK TEKNIKK AS. Revenue 2.28m NOK → 1.51m NOK (-33.8%). Net result -25.2k NOK → -488.5k NOK. Equity 275.8k NOK → -212.7k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABK TEKNIKK AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 1.51m NOK → 1.31m NOK (66% → 87% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.28m NOK to 1.51m NOK (-33.8% YoY). Calculated
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↓
Operating result weakened
Operating result -6 678 NOK → -470.9k NOK (op. margin -0.3% → -31.2%). Calculated
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↓
Net result weakened
Net result -25.2k NOK → -488.5k NOK (net margin -1.1% → -32.4%). Calculated
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↓
Equity eroded
Book equity 275.8k NOK → -212.7k NOK (equity ratio 25.8% → -33.5%). Calculated
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↓
Cash fell
Bank deposits 65.1k NOK → 50.0k NOK (-23.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -33.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation