ABK VILLMARKSHYTTA AS: årsregnskap 2020 vs 2019
Shrank 67% on revenue, weaker earnings, cash halved-plus
approved 2021-06-07; registry 2021-06-17; journal 2021 436660
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABK VILLMARKSHYTTA AS. Revenue 891.6k NOK → 294.2k NOK (-67.0%). Net result -680.9k NOK → -1.02m NOK. Equity -152.1k NOK → -1.17m NOK.
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 VILLMARKSHYTTA AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 891.6k NOK to 294.2k NOK (-67.0% YoY). Calculated
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Operating result weakened
Operating result +112.9k NOK → +91.7k NOK (op. margin 12.7% → 31.2%). Calculated
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Net result weakened
Net result -680.9k NOK → -1.02m NOK (net margin -76.4% → -345.7%). Calculated
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Equity eroded
Book equity -152.1k NOK → -1.17m NOK (equity ratio -1.8% → -13.6%). Calculated
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Cash fell
Bank deposits 66.9k NOK → 11.5k NOK (-82.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -13.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation