ABU ENTREPRENØR AS: årsregnskap 2020 vs 2019
Shrank 14% on revenue, weaker earnings, cash halved-plus
approved 2021-05-31; registry 2021-07-14; journal 2021 481470
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABU ENTREPRENØR AS. Revenue 3.98m NOK → 3.42m NOK (-13.9%). Net result +466.9k NOK → +357.1k NOK. Equity 182.6k NOK → 145.7k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABU ENTREPRENØR AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 2.73m NOK → 2.27m NOK (69% → 66% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.98m NOK to 3.42m NOK (-13.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +576.0k NOK → +420.8k NOK (op. margin 14.5% → 12.3%). Calculated
-
↓
Net result weakened
Net result +466.9k NOK → +357.1k NOK (net margin 11.7% → 10.4%). Calculated
-
↓
Equity eroded
Book equity 182.6k NOK → 145.7k NOK (equity ratio 9.8% → 10.8%). Calculated
-
↓
Cash fell
Bank deposits 167.7k NOK → 19.4k NOK (-88.4% YoY). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 649.4k NOK → 298.6k NOK. Reported fact