FirmaIQ
Org.nr 813 801 752 2019 → 2020 Year-over-year analysis

ABRAHAMSEN RESTAURANTDRIFT AS: årsregnskap 2020 vs 2019

Shrank 82% on revenue, slipped into loss

approved 2021-06-01; registry 2021-10-11; journal 2021 796825

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABRAHAMSEN RESTAURANTDRIFT AS. Revenue 9.59m NOK → 1.72m NOK (-82.1%). Net result +1.54m NOK → -497.5k NOK. Equity 3.72m NOK → 3.22m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABRAHAMSEN RESTAURANTDRIFT AS.

At a glance

Scorecard

Revenue
9.59m NOK 1.72m NOK
-82.1%
Operating result
+1.96m NOK -662.7k NOK
-133.8%
Net result
+1.54m NOK -497.5k NOK
-132.4%
Equity
3.72m NOK 3.22m NOK
-13.4%
Cash
5.22m NOK 3.08m NOK
-41.0%
Total assets
5.57m NOK 3.51m NOK
-37.0%

What improved

  • ↑

    Payroll decreased

    Salary cost 4.34m NOK → 1.39m NOK (45% → 81% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 9.59m NOK to 1.72m NOK (-82.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1.96m NOK → -662.7k NOK (op. margin 20.4% → -38.5%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 1.54m NOK profit to a loss of 497.5k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 3.72m NOK → 3.22m NOK (equity ratio 66.8% → 91.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 5.22m NOK → 3.08m NOK (-41.0% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 2.06m NOK → 446.3k NOK (-78.3% YoY). Calculated