Org.nr 920 916 562 2019 → 2020 Year-over-year analysis

ABO SERVICE AS: årsregnskap 2020 vs 2019

Cash halved-plus

approved 2021-03-22; registry 2021-04-08; journal 2021 181574

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABO SERVICE AS. Revenue 3.41m NOK → 3.40m NOK (-0.5%). Equity 800.4k NOK → 686.0k NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ABO SERVICE AS.

At a glance

Revenue

3.41m NOK 3.40m NOK

-0.5%

Operating result

n/m -80.6k NOK

—

Net result

n/m -89.4k NOK

—

Equity

800.4k NOK 686.0k NOK

-14.3%

Cash

3.15m NOK 183.3k NOK

-94.2%

Total assets

1.88m NOK 2.11m NOK

+12.4%

↓
Revenue fell

Operating income / revenue moved from 3.41m NOK to 3.40m NOK (-0.5% YoY). Calculated
↓
Equity eroded

Book equity 800.4k NOK → 686.0k NOK (equity ratio 42.6% → 32.5%). Calculated
↓
Cash fell

Bank deposits 3.15m NOK → 183.3k NOK (-94.2% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.06× → 0.90× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
↓
Payroll up without matching revenue

Salary cost 2.26m NOK → 2.28m NOK (66% → 67% of revenue). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (3.15m NOK → 183.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation