FirmaIQ
Org.nr 986 281 754 2020 → 2021 Year-over-year analysis

ABN SCANDINAVIA AS: årsregnskap 2021 vs 2020

Shrank 17% on revenue, stronger earnings, cash halved-plus

approved 2022-01-24; registry 2022-02-08; journal 2022 113434

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ABN SCANDINAVIA AS. Revenue 54.62m NOK → 45.53m NOK (-16.6%). Net result +126.5k NOK → +511.2k NOK. Equity 5.29m NOK → 4.65m NOK.

On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABN SCANDINAVIA AS.

At a glance

Scorecard

Revenue
54.62m NOK 45.53m NOK
-16.6%
Operating result
-648.2k NOK +945.5k NOK
+245.9%
Net result
+126.5k NOK +511.2k NOK
+304.1%
Equity
5.29m NOK 4.65m NOK
-12.1%
Cash
1.66m NOK 814.2k NOK
-50.9%
Total assets
11.62m NOK 8.91m NOK
-23.3%

What improved

  • ↑

    Operating result improved

    Operating result -648.2k NOK → +945.5k NOK (op. margin -1.2% → 2.1%). Calculated

  • ↑

    Net result improved

    Net result +126.5k NOK → +511.2k NOK (net margin 0.2% → 1.1%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 54.62m NOK to 45.53m NOK (-16.6% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 5.29m NOK → 4.65m NOK (equity ratio 45.5% → 52.2%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.66m NOK → 814.2k NOK (-50.9% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2.43m NOK → 2.53m NOK (4% → 6% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 46.80m NOK → 39.74m NOK (-15.1% YoY). Calculated