ABONA AS: årsregnskap 2020 vs 2019
Shrank 59% on revenue, slipped into loss, cash halved-plus
approved 2021-06-30; registry 2021-08-16; journal 2021 614528
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABONA AS. Revenue 9.07m NOK → 3.69m NOK (-59.3%). Net result +123.7k NOK → -563.5k NOK. Equity 588.8k NOK → -394.7k 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; paid-in equity reduced. All figures are taken from the published annual accounts for ABONA AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.58m NOK → 360.7k NOK (28% → 10% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.07m NOK to 3.69m NOK (-59.3% YoY). Calculated
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↓
Operating result weakened
Operating result +158.5k NOK → -572.5k NOK (op. margin 1.7% → -15.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 123.7k NOK profit to a loss of 563.5k NOK. Calculated
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↓
Equity eroded
Book equity 588.8k NOK → -394.7k NOK (equity ratio 845.4% → -51.5%). Calculated
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↓
Cash fell
Bank deposits 208.4k NOK → 102.4k NOK (-50.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -51.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 450.0k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation