ABLECENTER VISIOSALES AS: årsregnskap 2020 vs 2019
Shrank 31% on revenue, slipped into loss
approved 2021-06-30; registry 2021-07-27; journal 2021 544094
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABLECENTER VISIOSALES AS. Revenue 634.6k NOK → 439.3k NOK (-30.8%). Net result +26.6k NOK → -34.8k NOK. Equity 38.6k NOK → 3 791 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 ABLECENTER VISIOSALES AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 634.6k NOK to 439.3k NOK (-30.8% YoY). Calculated
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Operating result weakened
Operating result +37.7k NOK → +27.2k NOK (op. margin 5.9% → 6.2%). Calculated
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Fell into a net loss
Net result flipped from 26.6k NOK profit to a loss of 34.8k NOK. Calculated
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Equity eroded
Book equity 38.6k NOK → 3 791 NOK (equity ratio 13.8% → 2.4%). Calculated
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Cash fell
Bank deposits 135.5k NOK → 115.3k NOK (-14.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 2.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 553.7k NOK → 366.8k NOK (-33.8% YoY). Calculated