ABU ENTREPRENØR AS: årsregnskap 2021 vs 2020
Shrank 24% on revenue, slipped into loss
approved 2022-08-29; registry 2022-09-05; journal 2022 915559
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABU ENTREPRENØR AS. Revenue 3.42m NOK → 2.59m NOK (-24.5%). Net result +357.1k NOK → -1.26m NOK. Equity 145.7k NOK → -1.11m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABU ENTREPRENØR AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 19.4k NOK → 103.2k NOK (+432.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.42m NOK to 2.59m NOK (-24.5% YoY). Calculated
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↓
Operating result weakened
Operating result +420.8k NOK → -1.24m NOK (op. margin 12.3% → -47.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 357.1k NOK profit to a loss of 1.26m NOK. Calculated
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↓
Equity eroded
Book equity 145.7k NOK → -1.11m NOK (equity ratio 10.8% → -283.6%). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.27m NOK → 2.95m NOK (66% → 114% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -283.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation