ABUNDANTIA AS: årsregnskap 2020 vs 2019
Shrank 90% on revenue, slipped into loss
approved 2021-07-13; registry 2021-07-17; journal 2021 574638
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABUNDANTIA AS. Revenue 798.9k NOK → 78.8k NOK (-90.1%). Net result +29.0k NOK → -194.3k NOK. Equity 628.6k NOK → 434.4k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 756.4k NOK → 201.7k NOK (95% → 256% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 798.9k NOK to 78.8k NOK (-90.1% YoY). Calculated
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↓
Operating result weakened
Operating result +31.7k NOK → -198.3k NOK (op. margin 4.0% → -251.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 29.0k NOK profit to a loss of 194.3k NOK. Calculated
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↓
Equity eroded
Book equity 628.6k NOK → 434.4k NOK (equity ratio 51.9% → 48.5%). Calculated
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↓
Cash fell
Bank deposits 1.02m NOK → 877.6k NOK (-13.7% YoY). Calculated