FirmaIQ
Org.nr 915 495 044 2019 → 2020 Year-over-year analysis

ABYSS SHIP MANAGEMENT AS: årsregnskap 2020 vs 2019

Grew 44% on revenue, stronger earnings

approved 2021-04-27; registry 2021-06-02; journal 2021 248356

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABYSS SHIP MANAGEMENT AS. Revenue 23.12m NOK → 33.40m NOK (+44.5%). Net result +420.8k NOK → +653.5k NOK. Equity 1.50m NOK → 2.16m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABYSS SHIP MANAGEMENT AS.

At a glance

Scorecard

Revenue
23.12m NOK 33.40m NOK
+44.5%
Operating result
+537.2k NOK +858.8k NOK
+59.8%
Net result
+420.8k NOK +653.5k NOK
+55.3%
Equity
1.50m NOK 2.16m NOK
+43.5%
Cash
380.2k NOK 2.05m NOK
+438.8%
Total assets
6.75m NOK 4.87m NOK
-27.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 23.12m NOK to 33.40m NOK (+44.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +537.2k NOK → +858.8k NOK (op. margin 2.3% → 2.6%). Calculated

  • ↑

    Net result improved

    Net result +420.8k NOK → +653.5k NOK (net margin 1.8% → 2.0%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.50m NOK → 2.16m NOK (equity ratio 22.3% → 44.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 380.2k NOK → 2.05m NOK (+438.8% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 21.78m NOK → 31.58m NOK (94% → 95% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 152.0k NOK → 273.8k NOK (+80.1% YoY). Calculated