ABSNET AS: årsregnskap 2021 vs 2020
Grew 21% on revenue, slipped into loss
approved 2022-06-25; registry 2022-08-06; journal 2022 810568
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABSNET AS. Revenue 7.22m NOK → 8.74m NOK (+21.0%). Net result +69.2k NOK → -1.03m NOK. Equity 434.5k NOK → -600.4k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABSNET AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.22m NOK to 8.74m NOK (+21.0% YoY). Calculated
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↑
Cash rose
Bank deposits 471.5k NOK → 556.9k NOK (+18.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +104.9k NOK → -1.17m NOK (op. margin 1.5% → -13.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 69.2k NOK profit to a loss of 1.03m NOK. Calculated
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↓
Equity eroded
Book equity 434.5k NOK → -600.4k NOK (equity ratio 4.9% → -7.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -7.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 3.40m NOK → 4.66m NOK (47% → 53% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.96m NOK → 2.77m NOK (+41.4% YoY). Calculated