FirmaIQ
Org.nr 981 528 778 2019 → 2020 Year-over-year analysis

ABSOLUTESKILLS AS: årsregnskap 2020 vs 2019

Grew 12% on revenue, stronger earnings

approved 2021-08-25; registry 2021-09-11; journal 2021 690714

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABSOLUTESKILLS AS. Revenue 2.01m NOK → 2.26m NOK (+12.2%). Net result +247.3k NOK → +582.5k NOK. Equity 1.57m NOK → 2.15m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ABSOLUTESKILLS AS.

At a glance

Scorecard

Revenue
2.01m NOK 2.26m NOK
+12.2%
Operating result
+202.2k NOK +714.5k NOK
+253.4%
Net result
+247.3k NOK +582.5k NOK
+135.6%
Equity
1.57m NOK 2.15m NOK
+37.2%
Cash
1.62m NOK 2.53m NOK
+56.4%
Total assets
3.13m NOK 3.44m NOK
+10.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.01m NOK to 2.26m NOK (+12.2% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +202.2k NOK → +714.5k NOK (op. margin 10.0% → 31.6%). Calculated

  • ↑

    Net result improved

    Net result +247.3k NOK → +582.5k NOK (net margin 12.3% → 25.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.57m NOK → 2.15m NOK (equity ratio 50.1% → 62.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.62m NOK → 2.53m NOK (+56.4% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1.15m NOK → 1.97m NOK (57% → 87% of revenue). Calculated