ABRAZO AS: årsregnskap 2021 vs 2020
Grew 3526% on revenue, stronger earnings
approved 2022-03-12; registry 2022-03-31; journal 2022 176169
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABRAZO AS. Revenue 82.7k NOK → 3.00m NOK (+3526.2%). Net result +73.9k NOK → +2.96m NOK. Equity 252.0k NOK → 208.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ABRAZO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 82.7k NOK to 3.00m NOK (+3526.2% YoY). Calculated
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Operating result improved
Operating result +67.3k NOK → +2.97m NOK (op. margin 81.4% → 99.1%). Calculated
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Net result improved
Net result +73.9k NOK → +2.96m NOK (net margin 89.3% → 98.6%). Calculated
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Cash rose
Bank deposits 84.2k NOK → 3.09m NOK (+3566.0% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 252.0k NOK → 208.8k NOK (equity ratio 13.4% → 4.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 1.47m NOK → 1.75m NOK. Reported fact