Org.nr 848 629 642 2019 → 2020 Year-over-year analysis

ABSOR AS: årsregnskap 2020 vs 2019

Grew 53% on revenue

approved 2021-03-12; registry 2021-06-01; journal 2021 254264

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABSOR AS. Revenue 779.9k NOK → 1.19m NOK (+53.1%). Net result +11.2k NOK → +8 206 NOK.

On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABSOR AS.

At a glance

Revenue

779.9k NOK 1.19m NOK

+53.1%

Operating result

+63.4k NOK +53.3k NOK

-16.0%

Net result

+11.2k NOK +8 206 NOK

-26.9%

Equity

n/m -304.3k NOK

—

Cash

263 NOK 4 125 NOK

+1468.4%

Total assets

467.3k NOK 625.0k NOK

+33.7%

↑
Revenue rose

Operating income / revenue moved from 779.9k NOK to 1.19m NOK (+53.1% YoY). Calculated
↑
Cash rose

Bank deposits 263 NOK → 4 125 NOK (+1468.4% YoY). Calculated
↑
Current ratio back above 1×

Current ratio 0.76× → 1.02×. Calculated

↓
Operating result weakened

Operating result +63.4k NOK → +53.3k NOK (op. margin 8.1% → 4.5%). Calculated
↓
Net result weakened

Net result +11.2k NOK → +8 206 NOK (net margin 1.4% → 0.7%). Calculated

·
Payroll increased

Salary cost 108.3k NOK → 228.5k NOK (14% → 19% of revenue). Calculated
·
COGS moved

COGS / varekostnad 326.9k NOK → 605.0k NOK (+85.1% YoY). Calculated