ABRA FINANCE AS: årsregnskap 2021 vs 2020
Grew 13% on revenue, weaker earnings, cash halved-plus
approved 2022-06-26; registry 2022-06-28; journal 2022 541128
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABRA FINANCE AS. Revenue 555.9k NOK → 629.0k NOK (+13.2%). Net result +314.4k NOK → +11.9k NOK. Equity 11.41m NOK → 418.3k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ABRA FINANCE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 555.9k NOK to 629.0k NOK (+13.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +44.4k NOK → +21.5k NOK (op. margin 8.0% → 3.4%). Calculated
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↓
Net result weakened
Net result +314.4k NOK → +11.9k NOK (net margin 56.6% → 1.9%). Calculated
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↓
Equity eroded
Book equity 11.41m NOK → 418.3k NOK (equity ratio 1968.2% → 78.0%). Calculated
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↓
Cash fell
Bank deposits 39.2k NOK → 405 NOK (-99.0% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 NOK → 2.51m NOK (0% → 399% of revenue). Calculated