ABRIX AS: årsregnskap 2020 vs 2019
Grew 571% on revenue, stronger earnings
approved 2021-07-22; registry 2021-08-02; journal 2021 600168
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABRIX AS. Revenue 559.5k NOK → 3.75m NOK (+570.5%). Net result +273.2k NOK → +350.3k NOK. Equity 963.6k NOK → 113.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABRIX AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 559.5k NOK to 3.75m NOK (+570.5% YoY). Calculated
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Operating result improved
Operating result +349.9k NOK → +723.8k NOK (op. margin 62.5% → 19.3%). Calculated
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Net result improved
Net result +273.2k NOK → +350.3k NOK (net margin 48.8% → 9.3%). Calculated
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Cash rose
Bank deposits 184.8k NOK → 1.41m NOK (+660.3% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 963.6k NOK → 113.9k NOK (equity ratio 198.3% → 3.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 52.0k NOK → 205.5k NOK (+295.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 196.0k NOK → 211.0k NOK. Reported fact