ABOVO AS: årsregnskap 2020 vs 2019
Shrank 36% on revenue, stronger earnings
approved 2021-05-05; registry 2021-05-08; journal 2021 269694
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABOVO AS. Revenue 797.8k NOK → 509.7k NOK (-36.1%). Net result -75.3k NOK → -53.3k NOK. Equity 101.1k NOK → 47.7k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABOVO AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +17.6k NOK → +169.8k NOK (op. margin 2.2% → 33.3%). Calculated
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↑
Net result improved
Net result -75.3k NOK → -53.3k NOK (net margin -9.4% → -10.5%). Calculated
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↑
Cash rose
Bank deposits 61.3k NOK → 117.1k NOK (+90.8% YoY). Calculated
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↑
Payroll decreased
Salary cost 420.4k NOK → 157.2k NOK (53% → 31% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 797.8k NOK to 509.7k NOK (-36.1% YoY). Calculated
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↓
Equity eroded
Book equity 101.1k NOK → 47.7k NOK (equity ratio 58.6% → 53.9%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 261.1k NOK → 130.8k NOK (-49.9% YoY). Calculated