ABRA BESLAG AS: årsregnskap 2021 vs 2020
Grew 19% on revenue, weaker earnings, cash halved-plus
approved 2022-02-23; registry 2022-07-23; journal 2022 701102
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABRA BESLAG AS. Revenue 21.36m NOK → 25.37m NOK (+18.8%). Net result +1.26m NOK → +858.2k NOK. Equity 4.08m NOK → 4.93m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABRA BESLAG AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 21.36m NOK to 25.37m NOK (+18.8% YoY). Calculated
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Operating result improved
Operating result +714.5k NOK → +1.21m NOK (op. margin 3.3% → 4.8%). Calculated
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Equity strengthened
Book equity 4.08m NOK → 4.93m NOK (equity ratio 39.7% → 42.2%). Calculated
What deteriorated
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↓
Net result weakened
Net result +1.26m NOK → +858.2k NOK (net margin 5.9% → 3.4%). Calculated
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Cash fell
Bank deposits 1.67m NOK → 317.9k NOK (-81.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.67m NOK → 317.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 7.26m NOK → 9.34m NOK (34% → 37% of revenue). Calculated
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COGS moved
COGS / varekostnad 9.98m NOK → 11.67m NOK (+16.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 30.0k NOK → 77.5k NOK. Reported fact