ABS FREMOVER AS: årsregnskap 2021 vs 2020
Shrank 78% on revenue, slipped into loss
approved 2022-06-29; registry 2022-07-05; journal 2022 623902
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABS FREMOVER AS. Revenue 6 900 NOK → 1 500 NOK (-78.3%). Net result +110.4k NOK → -81.6k NOK. Equity 389.4k NOK → 307.8k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABS FREMOVER AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -79.5k NOK → -2 653 NOK (op. margin -1152.6% → -176.9%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 6 900 NOK to 1 500 NOK (-78.3% YoY). Calculated
-
↓
Fell into a net loss
Net result flipped from 110.4k NOK profit to a loss of 81.6k NOK. Calculated
-
↓
Equity eroded
Book equity 389.4k NOK → 307.8k NOK (equity ratio 92.2% → 89.5%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 50.08× → 0.10× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 421.8k NOK → 342.9k NOK. Reported fact