ABO SERVICE AS: årsregnskap 2021 vs 2020
Shrank 33% on revenue, weaker earnings
approved 2022-06-30; registry 2022-08-02; journal 2022 869546
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABO SERVICE AS. Revenue 3.40m NOK → 2.28m NOK (-32.8%). Net result -89.4k NOK → -254.6k NOK. Equity 686.0k NOK → 431.4k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABO SERVICE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.28m NOK → 1.62m NOK (67% → 71% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.40m NOK to 2.28m NOK (-32.8% YoY). Calculated
-
↓
Operating result weakened
Operating result -80.6k NOK → -291.3k NOK (op. margin -2.4% → -12.8%). Calculated
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↓
Net result weakened
Net result -89.4k NOK → -254.6k NOK (net margin -2.6% → -11.2%). Calculated
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↓
Equity eroded
Book equity 686.0k NOK → 431.4k NOK (equity ratio 32.5% → 28.3%). Calculated
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↓
Cash fell
Bank deposits 183.3k NOK → 118.6k NOK (-35.3% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 39.8k NOK → -8 000 NOK (-120.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1 NOK → 800.0k NOK. Reported fact