ABSEC AS: årsregnskap 2020 vs 2019
Grew 86141% on revenue, slipped into loss, cash halved-plus
approved 2021-05-31; registry 2021-06-07; journal 2021 393663
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABSEC AS. Revenue 1 197 NOK → 1.03m NOK (+86141.2%). Net result +73.8k NOK → -5 495 NOK. Equity 107.0k NOK → 101.5k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABSEC AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 197 NOK to 1.03m NOK (+86141.2% YoY). Calculated
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↑
Payroll decreased
Salary cost 217.5k NOK → 182.7k NOK (18169% → 18% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +90.9k NOK → -5 810 NOK (op. margin 7594.5% → -0.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 73.8k NOK profit to a loss of 5 495 NOK. Calculated
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↓
Equity eroded
Book equity 107.0k NOK → 101.5k NOK (equity ratio 16.0% → 30.8%). Calculated
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↓
Cash fell
Bank deposits 531.5k NOK → 153.3k NOK (-71.2% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 786.8k NOK → 692.8k NOK (-11.9% YoY). Calculated