ABP KONSULT AS: årsregnskap 2020 vs 2019
Shrank 58% on revenue, weaker earnings, cash halved-plus
approved 2021-04-13; registry 2021-06-05; journal 2021 256074
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABP KONSULT AS. Revenue 2.57m NOK → 1.07m NOK (-58.5%). Net result +1.28m NOK → +415.9k NOK. Equity 1.75m NOK → 2.17m NOK.
On the constructive side: equity strengthened; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ABP KONSULT AS.
At a glance
Scorecard
What improved
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Equity strengthened
Book equity 1.75m NOK → 2.17m NOK (equity ratio 77.6% → 46.6%). Calculated
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Current ratio back above 1×
Current ratio 0.56× → 2.47×. Calculated
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Payroll decreased
Salary cost 994.0k NOK → 1 136 NOK (39% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.57m NOK to 1.07m NOK (-58.5% YoY). Calculated
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Operating result weakened
Operating result +823.8k NOK → -539.7k NOK (op. margin 32.0% → -50.5%). Calculated
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Net result weakened
Net result +1.28m NOK → +415.9k NOK (net margin 49.6% → 38.9%). Calculated
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Cash fell
Bank deposits 2.20m NOK → 712.6k NOK (-67.6% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.20m NOK → 712.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation