ABOKAT EIENDOM AS: årsregnskap 2020 vs 2019
Shrank 50% on revenue, slipped into loss, cash halved-plus
approved 2021-09-26; registry 2021-09-28; journal 2021 824134
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABOKAT EIENDOM AS. Revenue 2.69m NOK → 1.33m NOK (-50.5%). Net result +79.7k NOK → -837.0k NOK. Equity 407.2k NOK → -469.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABOKAT EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 892.2k NOK → 859.2k NOK (33% → 65% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.69m NOK to 1.33m NOK (-50.5% YoY). Calculated
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↓
Operating result weakened
Operating result +540.5k NOK → -571.6k NOK (op. margin 20.1% → -42.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 79.7k NOK profit to a loss of 837.0k NOK. Calculated
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↓
Equity eroded
Book equity 407.2k NOK → -469.0k NOK (equity ratio 5.5% → -6.9%). Calculated
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↓
Cash fell
Bank deposits 498.3k NOK → 44.5k NOK (-91.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -6.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 29.5k NOK → 0 NOK (-100.0% YoY). Calculated