FirmaIQ
Org.nr 976 842 790 2019 → 2020 Year-over-year analysis

ABRAKADABRA COMMUNICATION AS: årsregnskap 2020 vs 2019

Shrank 96% on revenue, slipped into loss

approved 2021-09-02; registry 2021-09-06; journal 2021 730340

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABRAKADABRA COMMUNICATION AS. Revenue 3.31m NOK → 147.9k NOK (-95.5%). Net result +1.16m NOK → -514.0k NOK. Equity 2.69m NOK → 2.17m NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABRAKADABRA COMMUNICATION AS.

At a glance

Scorecard

Revenue
3.31m NOK 147.9k NOK
-95.5%
Operating result
+1.49m NOK -655.4k NOK
-144.1%
Net result
+1.16m NOK -514.0k NOK
-144.5%
Equity
2.69m NOK 2.17m NOK
-19.1%
Cash
589.6k NOK 506.5k NOK
-14.1%
Total assets
3.46m NOK 2.54m NOK
-26.7%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.31m NOK to 147.9k NOK (-95.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1.49m NOK → -655.4k NOK (op. margin 44.9% → -443.2%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 1.16m NOK profit to a loss of 514.0k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 2.69m NOK → 2.17m NOK (equity ratio 77.6% → 85.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 589.6k NOK → 506.5k NOK (-14.1% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 513.5k NOK → 16.4k NOK (-96.8% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 10.35m NOK → 350.7k NOK. Reported fact