ABOVEIT AS: årsregnskap 2020 vs 2019
Grew 383245% on revenue, stronger earnings
approved 2021-05-05; registry 2021-06-22; journal 2021 381056
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABOVEIT AS. Revenue 13.6k NOK → 52.13m NOK (+383245.2%). Net result +3 311 NOK → +8.24m NOK. Equity 3.84m NOK → 9.07m NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ABOVEIT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 13.6k NOK to 52.13m NOK (+383245.2% YoY). Calculated
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Operating result improved
Operating result +518.9k NOK → +10.67m NOK (op. margin 3815.8% → 20.5%). Calculated
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Net result improved
Net result +3 311 NOK → +8.24m NOK (net margin 24.3% → 15.8%). Calculated
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Equity strengthened
Book equity 3.84m NOK → 9.07m NOK (equity ratio 47.0% → 38.3%). Calculated
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Cash rose
Bank deposits 3 121 NOK → 12.51m NOK (+400893.0% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 11.4k NOK → 36.27m NOK (84% → 70% of revenue). Calculated
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Book investments changed
Investment / intangible book value 75.0k NOK → 97.5k NOK. Reported fact