ABYSS ASSETS AS: årsregnskap 2021 vs 2020
Shrank 98% on revenue, returned to profit
approved 2022-06-22; registry 2022-07-23; journal 2022 697614
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABYSS ASSETS AS. Revenue 8.51m NOK → 196.3k NOK (-97.7%). Net result -432.6k NOK → +6 170 NOK. Equity 2.54m NOK → 2.55m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
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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↑
Operating result improved
Operating result -414.3k NOK → -24 NOK (op. margin -4.9% → -0.0%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 432.6k NOK to a profit of 6 170 NOK. Calculated
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↑
Equity strengthened
Book equity 2.54m NOK → 2.55m NOK (equity ratio 82.1% → 91.4%). Calculated
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↑
Payroll decreased
Salary cost 3.42m NOK → 2 237 NOK (40% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.51m NOK to 196.3k NOK (-97.7% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 3.42m NOK → 1.20m NOK (-65.1% YoY). Calculated