ABLE SOLUTIONS AS: årsregnskap 2020 vs 2019
Shrank 12% on revenue, stronger earnings
approved 2021-06-25; registry 2021-07-31; journal 2021 598410
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABLE SOLUTIONS AS. Revenue 534.1k NOK → 472.6k NOK (-11.5%). Net result +45.0k NOK → +452.8k NOK. Equity 35.0k NOK → 487.8k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: headcount (årsverk) changed. All figures are taken from the published annual accounts for ABLE SOLUTIONS AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +56.2k NOK → +583.9k NOK (op. margin 10.5% → 123.5%). Calculated
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Net result improved
Net result +45.0k NOK → +452.8k NOK (net margin 8.4% → 95.8%). Calculated
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Equity strengthened
Book equity 35.0k NOK → 487.8k NOK (equity ratio 9.0% → 51.1%). Calculated
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Cash rose
Bank deposits 148.0k NOK → 389.4k NOK (+163.1% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.93× → 1.89×. Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 534.1k NOK to 472.6k NOK (-11.5% YoY). Calculated
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Payroll up without matching revenue
Salary cost 1 367 NOK → 1.53m NOK (0% → 323% of revenue). Calculated
Things to notice
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Headcount (årsverk) changed
Reported FTEs 1 → 2. Reported fact