ABRAHAMSEN SOFTWARE SOLUTIONS AS: årsregnskap 2020 vs 2019
Shrank 71% on revenue, slipped into loss, cash halved-plus
approved 2021-02-19; registry 2021-03-25; journal 2021 169212
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABRAHAMSEN SOFTWARE SOLUTIONS AS. Revenue 1.50m NOK → 426.5k NOK (-71.5%). Net result +463.7k NOK → -31.4k NOK. Equity 629.1k NOK → 597.8k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 895.7k NOK → 523.2k NOK (60% → 123% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.50m NOK to 426.5k NOK (-71.5% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 463.7k NOK profit to a loss of 31.4k NOK. Calculated
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↓
Equity eroded
Book equity 629.1k NOK → 597.8k NOK (equity ratio 52.1% → 91.7%). Calculated
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↓
Cash fell
Bank deposits 770.8k NOK → 294.1k NOK (-61.8% YoY). Calculated