ABRAHAMSEN & CO HOLDING AS: årsregnskap 2021 vs 2020
Returned to profit, cash halved-plus
approved 2022-06-28; registry 2022-06-30; journal 2022 566590
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABRAHAMSEN & CO HOLDING AS. Net result -3 485 NOK → +383.7k NOK. Equity 26.2k NOK → 9.41m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABRAHAMSEN & CO HOLDING AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -102 NOK → +80.1k NOK. Calculated
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↑
Turned profitable
Net result flipped from a loss of 3 485 NOK to a profit of 383.7k NOK. Calculated
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↑
Equity strengthened
Book equity 26.2k NOK → 9.41m NOK (equity ratio 0.6% → 210.8%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 29.6k NOK → 12.0k NOK (-59.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 29578.00× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 4 400 NOK → 4.45m NOK. Reported fact