ABLE SOLUTIONS AS: årsregnskap 2021 vs 2020
Grew 403% on revenue
approved 2022-03-30; registry 2022-07-21; journal 2022 753106
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABLE SOLUTIONS AS. Revenue 472.6k NOK → 2.38m NOK (+403.0%). Net result +452.8k NOK → +362.5k NOK. Equity 487.8k NOK → 30.0k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ABLE SOLUTIONS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 472.6k NOK to 2.38m NOK (+403.0% YoY). Calculated
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↑
Cash rose
Bank deposits 389.4k NOK → 427.6k NOK (+9.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +583.9k NOK → +462.5k NOK (op. margin 123.5% → 19.5%). Calculated
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↓
Net result weakened
Net result +452.8k NOK → +362.5k NOK (net margin 95.8% → 15.2%). Calculated
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↓
Equity eroded
Book equity 487.8k NOK → 30.0k NOK (equity ratio 51.1% → 3.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.89× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.53m NOK → 1.69m NOK (323% → 71% of revenue). Calculated