ABT BYGG AS: årsregnskap 2020 vs 2019
Grew 139% on revenue, stronger earnings, cash halved-plus
approved 2021-07-06; registry 2021-07-28; journal 2021 549228
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABT BYGG AS. Revenue 29.12m NOK → 69.62m NOK (+139.1%). Net result +370.0k NOK → +2.15m NOK. Equity 487.5k NOK → 634.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABT BYGG AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 29.12m NOK to 69.62m NOK (+139.1% YoY). Calculated
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Operating result improved
Operating result +1.20m NOK → +3.25m NOK (op. margin 4.1% → 4.7%). Calculated
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Net result improved
Net result +370.0k NOK → +2.15m NOK (net margin 1.3% → 3.1%). Calculated
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Equity strengthened
Book equity 487.5k NOK → 634.6k NOK (equity ratio 5.7% → 2.8%). Calculated
What deteriorated
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Cash fell
Bank deposits 549.1k NOK → 265.1k NOK (-51.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 2.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 8.45m NOK → 9.92m NOK (29% → 14% of revenue). Calculated
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COGS moved
COGS / varekostnad 15.90m NOK → 51.30m NOK (+222.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 38.6k NOK → 74.6k NOK. Reported fact