FirmaIQ
Org.nr 966 093 994 2019 → 2020 Year-over-year analysis

ABSOLUTE BAR AS: årsregnskap 2020 vs 2019

Grew 11% on revenue, stronger earnings

approved 2021-06-28; registry 2021-07-20; journal 2021 511109

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABSOLUTE BAR AS. Revenue 2.47m NOK → 2.74m NOK (+10.8%). Net result +122.4k NOK → +234.7k NOK. Equity 11.17m NOK → 10.40m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABSOLUTE BAR AS.

At a glance

Scorecard

Revenue
2.47m NOK 2.74m NOK
+10.8%
Operating result
+158.7k NOK +302.2k NOK
+90.4%
Net result
+122.4k NOK +234.7k NOK
+91.8%
Equity
11.17m NOK 10.40m NOK
-6.9%
Cash
186.8k NOK 509.0k NOK
+172.4%
Total assets
405.6k NOK 657.4k NOK
+62.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.47m NOK to 2.74m NOK (+10.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +158.7k NOK → +302.2k NOK (op. margin 6.4% → 11.0%). Calculated

  • ↑

    Net result improved

    Net result +122.4k NOK → +234.7k NOK (net margin 5.0% → 8.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 186.8k NOK → 509.0k NOK (+172.4% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 11.17m NOK → 10.40m NOK (equity ratio 2753.3% → 1582.1%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 27.17m NOK → 1.09m NOK (-96.0% YoY). Calculated