FirmaIQ
Org.nr 916 824 963 2019 → 2020 Year-over-year analysis

ABOTNES AS: årsregnskap 2020 vs 2019

Shrank 99% on revenue, slipped into loss

approved 2021-05-26; registry 2021-06-02; journal 2021 377720

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABOTNES AS. Revenue 972.7k NOK → 12.0k NOK (-98.8%). Net result +6.22m NOK → -254.4k NOK. Equity 4.32m NOK → 4.07m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
972.7k NOK 12.0k NOK
-98.8%
Operating result
+270.5k NOK -253.1k NOK
-193.6%
Net result
+6.22m NOK -254.4k NOK
-104.1%
Equity
4.32m NOK 4.07m NOK
-5.9%
Cash
3.42m NOK 2.37m NOK
-30.8%
Total assets
4.56m NOK 4.09m NOK
-10.3%

What improved

  • ↑

    Payroll decreased

    Salary cost 1.53m NOK → 10.8k NOK (157% → 90% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 972.7k NOK to 12.0k NOK (-98.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +270.5k NOK → -253.1k NOK (op. margin 27.8% → -2109.4%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 6.22m NOK profit to a loss of 254.4k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 4.32m NOK → 4.07m NOK (equity ratio 94.8% → 99.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 3.42m NOK → 2.37m NOK (-30.8% YoY). Calculated