FirmaIQ
Org.nr 993 750 654 2019 → 2020 Year-over-year analysis

ABX DESTINASJONSUTVIKLING AS: årsregnskap 2020 vs 2019

Grew 17% on revenue, weaker earnings

approved 2021-08-31; registry 2021-10-04; journal 2021 864534

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABX DESTINASJONSUTVIKLING AS. Revenue 520.6k NOK → 609.2k NOK (+17.0%). Net result +476.5k NOK → +372.4k NOK. Equity 11.39m NOK → 765.9k NOK.

On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
520.6k NOK 609.2k NOK
+17.0%
Operating result
+476.5k NOK +436.5k NOK
-8.4%
Net result
+476.5k NOK +372.4k NOK
-21.9%
Equity
11.39m NOK 765.9k NOK
-93.3%
Cash
201.2k NOK 549.2k NOK
+173.0%
Total assets
983.2k NOK 187.6k NOK
-80.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 520.6k NOK to 609.2k NOK (+17.0% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 201.2k NOK → 549.2k NOK (+173.0% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.46× → 1.63×. Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +476.5k NOK → +436.5k NOK (op. margin 91.5% → 71.6%). Calculated

  • ↓

    Net result weakened

    Net result +476.5k NOK → +372.4k NOK (net margin 91.5% → 61.1%). Calculated

  • ↓

    Equity eroded

    Book equity 11.39m NOK → 765.9k NOK (equity ratio 1158.8% → 408.3%). Calculated