ABX FRITID AS: årsregnskap 2020 vs 2019
Shrank 89% on revenue, weaker earnings, cash halved-plus
registry 2021-06-24; journal 2021 469955
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABX FRITID AS. Revenue 434.0k NOK → 47.9k NOK (-89.0%). Net result -26.2k NOK → -53.8k NOK. Equity -755 NOK → -54.5k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABX FRITID AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 99.7k NOK → 26.5k NOK (23% → 55% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 434.0k NOK to 47.9k NOK (-89.0% YoY). Calculated
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↓
Operating result weakened
Operating result -26.2k NOK → -52.4k NOK (op. margin -6.0% → -109.4%). Calculated
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↓
Net result weakened
Net result -26.2k NOK → -53.8k NOK (net margin -6.0% → -112.3%). Calculated
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↓
Equity eroded
Book equity -755 NOK → -54.5k NOK (equity ratio -0.8% → -66.8%). Calculated
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↓
Cash fell
Bank deposits 16.1k NOK → 376 NOK (-97.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -66.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 325.8k NOK → 68.1k NOK (-79.1% YoY). Calculated