ABSEC AS: årsregnskap 2021 vs 2020
Grew 34% on revenue, returned to profit
approved 2022-06-27; registry 2022-07-04; journal 2022 597497
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABSEC AS. Revenue 1.03m NOK → 1.38m NOK (+33.7%). Net result -5 495 NOK → +9 947 NOK. Equity 101.5k NOK → 111.5k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased; 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 1.03m NOK to 1.38m NOK (+33.7% YoY). Calculated
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Operating result improved
Operating result -5 810 NOK → +12.9k NOK (op. margin -0.6% → 0.9%). Calculated
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Turned profitable
Net result flipped from a loss of 5 495 NOK to a profit of 9 947 NOK. Calculated
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Equity strengthened
Book equity 101.5k NOK → 111.5k NOK (equity ratio 30.8% → 56.8%). Calculated
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Cash rose
Bank deposits 153.3k NOK → 180.4k NOK (+17.7% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 182.7k NOK → 206.7k NOK (18% → 15% of revenue). Calculated
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COGS fell
COGS / varekostnad 692.8k NOK → 19.0k NOK (-97.3% YoY). Calculated