FirmaIQ
Org.nr 935 693 462 2020 → 2021 Year-over-year analysis

ABL NORWAY AS: årsregnskap 2021 vs 2020

Slipped into loss, cash halved-plus

approved 2022-06-30; registry 2022-07-14; journal 2022 643034

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ABL NORWAY AS. Revenue 23.18m NOK → 22.47m NOK (-3.1%). Net result +758.4k NOK → -2.10m NOK. Equity -6.73m NOK → -11.76m NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABL NORWAY AS.

At a glance

Scorecard

Revenue
23.18m NOK 22.47m NOK
-3.1%
Operating result
+327.9k NOK -1.72m NOK
-625.9%
Net result
+758.4k NOK -2.10m NOK
-376.8%
Equity
-6.73m NOK -11.76m NOK
-74.8%
Cash
4.68m NOK 2.26m NOK
-51.8%
Total assets
17.92m NOK 13.43m NOK
-25.1%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 23.18m NOK to 22.47m NOK (-3.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +327.9k NOK → -1.72m NOK (op. margin 1.4% → -7.7%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 758.4k NOK profit to a loss of 2.10m NOK. Calculated

  • ↓

    Equity eroded

    Book equity -6.73m NOK → -11.76m NOK (equity ratio -37.5% → -87.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 4.68m NOK → 2.26m NOK (-51.8% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -87.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 10.76m NOK → 9.67m NOK (-10.2% YoY). Calculated