ABS FREDRIKSTAD AS: årsregnskap 2020 vs 2019
Grew 9% on revenue, returned to profit
approved 2021-04-30; registry 2021-05-03; journal 2021 253264
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABS FREDRIKSTAD AS. Revenue 2.93m NOK → 3.18m NOK (+8.6%). Net result -289.9k NOK → +867.6k NOK. Equity 12.30m NOK → 12.96m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: current ratio dropped below 1×.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ABS FREDRIKSTAD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.93m NOK to 3.18m NOK (+8.6% YoY). Calculated
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↑
Operating result improved
Operating result -283.1k NOK → +48.4k NOK (op. margin -9.7% → 1.5%). Calculated
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Turned profitable
Net result flipped from a loss of 289.9k NOK to a profit of 867.6k NOK. Calculated
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Equity strengthened
Book equity 12.30m NOK → 12.96m NOK (equity ratio 1323.4% → 743315.5%). Calculated
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↑
Cash rose
Bank deposits 155.7k NOK → 919.3k NOK (+490.5% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.47× → 0.64× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 99.7k NOK → 401.1k NOK (+302.1% YoY). Calculated