ABYSS ASSETS AS: årsregnskap 2020 vs 2019
Shrank 58% on revenue, slipped into loss, fresh owner capital
approved 2021-04-27; registry 2021-06-02; journal 2021 248180
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABYSS ASSETS AS. Revenue 20.12m NOK → 8.51m NOK (-57.7%). Net result +1.40m NOK → -432.6k NOK. Equity 2.76m NOK → 2.54m NOK.
On the constructive side: owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABYSS ASSETS AS.
At a glance
Scorecard
What improved
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↑
Owners injected capital
Paid-in equity rose 91.7k NOK → 312.0k NOK (+220.3k NOK). Reported fact
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↑
Payroll decreased
Salary cost 5.82m NOK → 3.42m NOK (29% → 40% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 20.12m NOK to 8.51m NOK (-57.7% YoY). Calculated
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↓
Operating result weakened
Operating result +1.96m NOK → -414.3k NOK (op. margin 9.7% → -4.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 1.40m NOK profit to a loss of 432.6k NOK. Calculated
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↓
Equity eroded
Book equity 2.76m NOK → 2.54m NOK (equity ratio 53.9% → 82.1%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 7.66m NOK → 3.42m NOK (-55.3% YoY). Calculated