ABLECON AS: årsregnskap 2020 vs 2019
Slipped into loss
approved 2021-06-30; registry 2021-07-27; journal 2021 544110
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABLECON AS. Revenue 5.02m NOK → 4.92m NOK (-2.0%). Net result +772.7k NOK → -156.9k NOK. Equity 2.46m NOK → 2.30m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABLECON AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 496.6k NOK → 1.33m NOK (+168.5% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.02m NOK to 4.92m NOK (-2.0% YoY). Calculated
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↓
Operating result weakened
Operating result +1.17m NOK → -42.8k NOK (op. margin 23.4% → -0.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 772.7k NOK profit to a loss of 156.9k NOK. Calculated
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↓
Equity eroded
Book equity 2.46m NOK → 2.30m NOK (equity ratio 23.2% → 22.9%). Calculated
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↓
Payroll up without matching revenue
Salary cost 998.4k NOK → 1.57m NOK (20% → 32% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 836.7k NOK → 373.5k NOK (-55.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 209.1k NOK → 227.6k NOK. Reported fact