ABLE AS: årsregnskap 2021 vs 2020
Shrank 7% on revenue, cash halved-plus
approved 2022-03-14; registry 2022-04-07; journal 2022 178331
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABLE AS. Revenue 15.88m NOK → 14.79m NOK (-6.9%). Net result +4.80m NOK → +5.46m NOK. Equity 2.17m NOK → 2.03m NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; headcount (årsverk) changed. All figures are taken from the published annual accounts for ABLE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +180.8k NOK → +614.6k NOK (op. margin 1.1% → 4.2%). Calculated
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Net result improved
Net result +4.80m NOK → +5.46m NOK (net margin 30.2% → 36.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 15.88m NOK to 14.79m NOK (-6.9% YoY). Calculated
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↓
Equity eroded
Book equity 2.17m NOK → 2.03m NOK (equity ratio 24.5% → 50.2%). Calculated
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Cash fell
Bank deposits 8.17m NOK → 1.87m NOK (-77.2% YoY). Calculated
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Payroll up without matching revenue
Salary cost 4.39m NOK → 5.57m NOK (28% → 38% of revenue). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (8.17m NOK → 1.87m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 331.5k NOK → 245.5k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Headcount (årsverk) changed
Reported FTEs 0 → 5. Reported fact