ABSOLUT EIENDOM AS: årsregnskap 2020 vs 2019
Shrank 90% on revenue, slipped into loss
approved 2021-04-08; registry 2021-05-25; journal 2021 237720
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABSOLUT EIENDOM AS. Revenue 546.6k NOK → 55.7k NOK (-89.8%). Net result +400.3k NOK → -505.8k NOK. Equity 5.27m NOK → 4.76m NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABSOLUT EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 117.7k NOK → 583.3k NOK (+395.6% YoY). Calculated
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↑
Payroll decreased
Salary cost 348.4k NOK → 341.6k NOK (64% → 613% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 546.6k NOK to 55.7k NOK (-89.8% YoY). Calculated
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↓
Operating result weakened
Operating result -58.0k NOK → -453.0k NOK (op. margin -10.6% → -812.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 400.3k NOK profit to a loss of 505.8k NOK. Calculated
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↓
Equity eroded
Book equity 5.27m NOK → 4.76m NOK (equity ratio 88.8% → 96.8%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 4 NOK → 4.15m NOK. Reported fact