FirmaIQ
Org.nr 977 058 228 2019 → 2020 Year-over-year analysis

ABRA FINANCE AS: årsregnskap 2020 vs 2019

Grew 23% on revenue, stronger earnings

approved 2021-08-19; registry 2021-09-02; journal 2021 661194

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABRA FINANCE AS. Revenue 453.0k NOK → 555.9k NOK (+22.7%). Net result +16.3k NOK → +314.4k NOK. Equity 10.16m NOK → 11.41m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ABRA FINANCE AS.

At a glance

Scorecard

Revenue
453.0k NOK 555.9k NOK
+22.7%
Operating result
+16.3k NOK +44.4k NOK
+172.7%
Net result
+16.3k NOK +314.4k NOK
+1823.8%
Equity
10.16m NOK 11.41m NOK
+12.3%
Cash
7 436 NOK 39.2k NOK
+426.7%
Total assets
262.8k NOK 579.5k NOK
+120.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 453.0k NOK to 555.9k NOK (+22.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +16.3k NOK → +44.4k NOK (op. margin 3.6% → 8.0%). Calculated

  • ↑

    Net result improved

    Net result +16.3k NOK → +314.4k NOK (net margin 3.6% → 56.6%). Calculated

  • ↑

    Equity strengthened

    Book equity 10.16m NOK → 11.41m NOK (equity ratio 3864.5% → 1968.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 7 436 NOK → 39.2k NOK (+426.7% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 1.09m NOK → 1.05m NOK — check capital reduction, conversion, or reclassification. Interpretation