ABRADO AS: årsregnskap 2020 vs 2019
Shrank 44% on revenue, weaker earnings
approved 2021-07-27; registry 2021-07-29; journal 2021 595500
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABRADO AS. Revenue 223.4k NOK → 125.1k NOK (-44.0%). Net result +173.3k NOK → +94.1k NOK. Equity 11.20m NOK → 12.29m NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABRADO AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 11.20m NOK → 12.29m NOK (equity ratio 3498.5% → 3711.4%). Calculated
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↑
Cash rose
Bank deposits 99.3k NOK → 102.7k NOK (+3.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 223.4k NOK to 125.1k NOK (-44.0% YoY). Calculated
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↓
Operating result weakened
Operating result +222.2k NOK → +121.0k NOK (op. margin 99.5% → 96.7%). Calculated
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↓
Net result weakened
Net result +173.3k NOK → +94.1k NOK (net margin 77.6% → 75.2%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 180.2k NOK → 11.20m NOK. Reported fact