ABS ASSURANSEAGENTURER AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue, returned to profit, cash halved-plus
registry 2021-08-19; journal 2021 651197
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABS ASSURANSEAGENTURER AS. Revenue 182.0k NOK → 198 NOK (-99.9%). Net result -2 827 NOK → +3 555 NOK. Equity 240.1k NOK → 243.7k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +15.1k NOK → +34.5k NOK (op. margin 8.3% → 17417.7%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 2 827 NOK to a profit of 3 555 NOK. Calculated
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↑
Equity strengthened
Book equity 240.1k NOK → 243.7k NOK (equity ratio 12.4% → 12.6%). Calculated
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↑
Owners injected capital
Paid-in equity rose 240.1k NOK → 243.7k NOK (+3 555 NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 182.0k NOK to 198 NOK (-99.9% YoY). Calculated
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↓
Cash fell
Bank deposits 15.4k NOK → 4 753 NOK (-69.1% YoY). Calculated