ABS FREMOVER AS: årsregnskap 2020 vs 2019
Shrank 91% on revenue, weaker earnings, cash halved-plus
approved 2022-05-02; registry 2022-05-04; journal 2022 253756
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABS FREMOVER AS. Revenue 76.3k NOK → 6 900 NOK (-91.0%). Net result +249.0k NOK → +110.4k NOK. Equity 4.28m NOK → 389.4k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABS FREMOVER AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 76.3k NOK to 6 900 NOK (-91.0% YoY). Calculated
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↓
Operating result weakened
Operating result -61.4k NOK → -79.5k NOK (op. margin -80.6% → -1152.6%). Calculated
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↓
Net result weakened
Net result +249.0k NOK → +110.4k NOK (net margin 326.4% → 1600.7%). Calculated
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↓
Equity eroded
Book equity 4.28m NOK → 389.4k NOK (equity ratio 798.6% → 92.2%). Calculated
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↓
Cash fell
Bank deposits 39.5k NOK → 408 NOK (-99.0% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 9 900 NOK → 421.8k NOK. Reported fact