ABYSS GROUP AS: årsregnskap 2021 vs 2020
Grew 15% on revenue, weaker earnings, cash halved-plus
approved 2022-06-15; registry 2022-07-25; journal 2022 692070
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABYSS GROUP AS. Revenue 14.57m NOK → 16.69m NOK (+14.6%). Net result +153.0k NOK → +21.3k NOK. Equity 22.27m NOK → 211.89m NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ABYSS GROUP AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 14.57m NOK to 16.69m NOK (+14.6% YoY). Calculated
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Equity strengthened
Book equity 22.27m NOK → 211.89m NOK (equity ratio 76.7% → 89.0%). Calculated
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Current ratio back above 1×
Current ratio 0.94× → 10.70×. Calculated
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Owners injected capital
Paid-in equity rose 17.78m NOK → 208.87m NOK (+191.08m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +137.5k NOK → +122.7k NOK (op. margin 0.9% → 0.7%). Calculated
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Net result weakened
Net result +153.0k NOK → +21.3k NOK (net margin 1.1% → 0.1%). Calculated
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↓
Cash fell
Bank deposits 711.5k NOK → 87.3k NOK (-87.7% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 7.22m NOK → 7.40m NOK (50% → 44% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 20.77m NOK → 126.25m NOK. Reported fact