ABSOLUTE BAR AS: årsregnskap 2021 vs 2020
Grew 10% on revenue, stronger earnings
approved 2022-05-31; registry 2022-06-04; journal 2022 420477
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABSOLUTE BAR AS. Revenue 2.74m NOK → 3.01m NOK (+10.1%). Net result +234.7k NOK → +477.3k NOK. Equity 10.40m NOK → 878.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABSOLUTE BAR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.74m NOK to 3.01m NOK (+10.1% YoY). Calculated
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Operating result improved
Operating result +302.2k NOK → +612.3k NOK (op. margin 11.0% → 20.3%). Calculated
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Net result improved
Net result +234.7k NOK → +477.3k NOK (net margin 8.6% → 15.8%). Calculated
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Cash rose
Bank deposits 509.0k NOK → 515.6k NOK (+1.3% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 10.40m NOK → 878.4k NOK (equity ratio 1582.1% → 552.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.32× → 0.57× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.09m NOK → 860.1k NOK (-21.4% YoY). Calculated