ABLE AS: årsregnskap 2020 vs 2019
Grew 20% on revenue, stronger earnings
approved 2021-04-15; registry 2021-05-10; journal 2021 223398
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABLE AS. Revenue 13.26m NOK → 15.88m NOK (+19.7%). Net result +154.6k NOK → +4.80m NOK. Equity 1.37m NOK → 2.17m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 13.26m NOK to 15.88m NOK (+19.7% YoY). Calculated
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↑
Net result improved
Net result +154.6k NOK → +4.80m NOK (net margin 1.2% → 30.2%). Calculated
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↑
Equity strengthened
Book equity 1.37m NOK → 2.17m NOK (equity ratio 28.5% → 24.5%). Calculated
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Cash rose
Bank deposits 1.90m NOK → 8.17m NOK (+328.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 5.72m NOK → 4.39m NOK (43% → 28% of revenue). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +237.9k NOK → +180.8k NOK (op. margin 1.8% → 1.1%). Calculated