Org.nr 988 903 248 2020 → 2021 Year-over-year analysis

ABRAHAMSEN HOLDING AS: årsregnskap 2021 vs 2020

Returned to profit, cash halved-plus

approved 2022-08-22; registry 2022-08-30; journal 2022 908837

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ABRAHAMSEN HOLDING AS. Net result -11.2k NOK → +819.5k NOK. Equity 6.47m NOK → 7.29m NOK.

On the constructive side: turned profitable; equity strengthened. Pressures included: operating result weakened; cash fell.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ABRAHAMSEN HOLDING AS.

At a glance

Revenue

n/m 99.0k NOK

—

Operating result

-30.2k NOK -48.4k NOK

-60.4%

Net result

-11.2k NOK +819.5k NOK

+7440.2%

Equity

6.47m NOK 7.29m NOK

+12.7%

Cash

4.23m NOK 1.58m NOK

-62.7%

Total assets

6.52m NOK 7.35m NOK

+12.6%

↑
Turned profitable

Net result flipped from a loss of 11.2k NOK to a profit of 819.5k NOK. Calculated
↑
Equity strengthened

Book equity 6.47m NOK → 7.29m NOK (equity ratio 99.1% → 99.2%). Calculated

↓
Operating result weakened

Operating result -30.2k NOK → -48.4k NOK. Calculated
↓
Cash fell

Bank deposits 4.23m NOK → 1.58m NOK (-62.7% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (4.23m NOK → 1.58m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation