ABP ELEKTRO AS: årsregnskap 2020 vs 2019
Grew 32% on revenue, stronger earnings
approved 2021-02-08; registry 2021-06-07; journal 2021 263221
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABP ELEKTRO AS. Revenue 18.38m NOK → 24.22m NOK (+31.8%). Net result +1.22m NOK → +1.96m NOK. Equity 5.57m NOK → 4.75m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABP ELEKTRO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 18.38m NOK to 24.22m NOK (+31.8% YoY). Calculated
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Operating result improved
Operating result +1.50m NOK → +2.61m NOK (op. margin 8.2% → 10.8%). Calculated
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Net result improved
Net result +1.22m NOK → +1.96m NOK (net margin 6.6% → 8.1%). Calculated
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Cash rose
Bank deposits 5.18m NOK → 9.32m NOK (+80.1% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 5.57m NOK → 4.75m NOK (equity ratio 56.8% → 35.3%). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 1.39m NOK → 400.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 9.09m NOK → 10.24m NOK (49% → 42% of revenue). Calculated
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COGS moved
COGS / varekostnad 5.98m NOK → 9.00m NOK (+50.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 8 443 NOK → 30.0k NOK. Reported fact