ABLEMAGIC AS: årsregnskap 2020 vs 2019
Grew 96% on revenue, stronger earnings
approved 2021-08-31; registry 2021-10-20; journal 2021 837900
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABLEMAGIC AS. Revenue 3.29m NOK → 6.46m NOK (+96.4%). Net result +217.7k NOK → +591.1k NOK. Equity 1.64m NOK → 3.23m NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABLEMAGIC AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.29m NOK to 6.46m NOK (+96.4% YoY). Calculated
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Operating result improved
Operating result +27.0k NOK → +2.05m NOK (op. margin 0.8% → 31.7%). Calculated
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Net result improved
Net result +217.7k NOK → +591.1k NOK (net margin 6.6% → 9.2%). Calculated
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Equity strengthened
Book equity 1.64m NOK → 3.23m NOK (equity ratio 59.7% → 73.3%). Calculated
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Cash rose
Bank deposits 529.6k NOK → 660.3k NOK (+24.7% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 2.02m NOK → 2.36m NOK (61% → 36% of revenue). Calculated
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COGS fell
COGS / varekostnad 124.8k NOK → 87.0k NOK (-30.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 182.5k NOK → 392.5k NOK. Reported fact