FirmaIQ
Org.nr 999 024 556 2019 → 2020 Year-over-year analysis

ABSTEIRO AS: årsregnskap 2020 vs 2019

Stronger earnings, cash halved-plus

approved 2021-08-20; registry 2021-09-15; journal 2021 706692

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABSTEIRO AS. Revenue 1.14m NOK → 1.12m NOK (-2.2%). Net result +243.5k NOK → +455.7k NOK. Equity 2.28m NOK → 2.74m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.

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

At a glance

Scorecard

Revenue
1.14m NOK 1.12m NOK
-2.2%
Operating result
+604.4k NOK +807.8k NOK
+33.7%
Net result
+243.5k NOK +455.7k NOK
+87.1%
Equity
2.28m NOK 2.74m NOK
+20.0%
Cash
135.1k NOK 8 621 NOK
-93.6%
Total assets
11.30m NOK 11.36m NOK
+0.6%

What improved

  • ↑

    Operating result improved

    Operating result +604.4k NOK → +807.8k NOK (op. margin 52.9% → 72.4%). Calculated

  • ↑

    Net result improved

    Net result +243.5k NOK → +455.7k NOK (net margin 21.3% → 40.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 2.28m NOK → 2.74m NOK (equity ratio 20.2% → 24.1%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.49× → 1.09×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.14m NOK to 1.12m NOK (-2.2% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 135.1k NOK → 8 621 NOK (-93.6% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 29.6k NOK → 4 325 NOK (-85.4% YoY). Calculated