ABSURD FILM AS: årsregnskap 2020 vs 2019
Shrank 45% on revenue, slipped into loss, cash halved-plus
approved 2021-05-31; registry 2021-06-07; journal 2021 398155
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABSURD FILM AS. Revenue 922.8k NOK → 505.6k NOK (-45.2%). Net result +46.4k NOK → -59.8k NOK. Equity 73.1k NOK → 13.4k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABSURD FILM AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 394.5k NOK → 326.2k NOK (43% → 65% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 922.8k NOK to 505.6k NOK (-45.2% YoY). Calculated
-
↓
Operating result weakened
Operating result +67.6k NOK → -41.8k NOK (op. margin 7.3% → -8.3%). Calculated
-
↓
Fell into a net loss
Net result flipped from 46.4k NOK profit to a loss of 59.8k NOK. Calculated
-
↓
Equity eroded
Book equity 73.1k NOK → 13.4k NOK (equity ratio 27.5% → 4.7%). Calculated
-
↓
Cash fell
Bank deposits 21.3k NOK → 2 135 NOK (-90.0% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 4.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 190.2k NOK → 25.7k NOK (-86.5% YoY). Calculated