Org.nr 972 405 949 2020 → 2021 Year-over-year analysis

ABRAXAS AS: årsregnskap 2021 vs 2020

Weaker earnings, cash halved-plus

approved 2022-06-30; registry 2022-08-11; journal 2022 844169

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ABRAXAS AS. Net result +15.24m NOK → +447.1k NOK. Equity 25.02m NOK → 21.22m NOK.

Pressures included: operating result weakened; net result weakened; equity eroded.

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

At a glance

Operating result

-170.5k NOK -214.0k NOK

-25.5%

Net result

+15.24m NOK +447.1k NOK

-97.1%

Equity

25.02m NOK 21.22m NOK

-15.2%

Cash

1.99m NOK 493.8k NOK

-75.1%

Total assets

28.96m NOK 22.91m NOK

-20.9%

↓
Operating result weakened

Operating result -170.5k NOK → -214.0k NOK. Calculated
↓
Net result weakened

Net result +15.24m NOK → +447.1k NOK. Calculated
↓
Equity eroded

Book equity 25.02m NOK → 21.22m NOK (equity ratio 86.4% → 92.6%). Calculated
↓
Cash fell

Bank deposits 1.99m NOK → 493.8k NOK (-75.1% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (1.99m NOK → 493.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation