ABOT AS: årsregnskap 2020 vs 2019
Shrank 27% on revenue, weaker earnings
approved 2021-08-16; registry 2021-09-07; journal 2021 677158
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABOT AS. Revenue 17.96m NOK → 13.06m NOK (-27.3%). Net result -2.51m NOK → -4.64m NOK. Equity -1.75m NOK → -6.39m NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABOT AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 334.1k NOK → 373.7k NOK (+11.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 7.83m NOK → 6.03m NOK (44% → 46% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 17.96m NOK to 13.06m NOK (-27.3% YoY). Calculated
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↓
Operating result weakened
Operating result -2.39m NOK → -4.61m NOK (op. margin -13.3% → -35.3%). Calculated
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↓
Net result weakened
Net result -2.51m NOK → -4.64m NOK (net margin -14.0% → -35.5%). Calculated
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↓
Equity eroded
Book equity -1.75m NOK → -6.39m NOK (equity ratio -47.9% → -186.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -186.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 9.56m NOK → 9.01m NOK (-5.7% YoY). Calculated