ABYSSINIA RESOURCES DEVELOPMENT AS: årsregnskap 2021 vs 2020
Grew 7% on revenue, returned to profit
approved 2022-05-13; registry 2022-06-09; journal 2022 360506
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABYSSINIA RESOURCES DEVELOPMENT AS. Revenue 385.0k NOK → 413.4k NOK (+7.4%). Net result -27.89m NOK → +13.72m NOK. Equity -501.8k NOK → 13.22m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ABYSSINIA RESOURCES DEVELOPMENT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 385.0k NOK to 413.4k NOK (+7.4% YoY). Calculated
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Operating result improved
Operating result -27.42m NOK → +16.07m NOK (op. margin -7121.1% → 3887.9%). Calculated
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Turned profitable
Net result flipped from a loss of 27.89m NOK to a profit of 13.72m NOK. Calculated
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Equity strengthened
Book equity -501.8k NOK → 13.22m NOK (equity ratio -5.0% → 15.4%). Calculated
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Cash rose
Bank deposits 767.4k NOK → 30.95m NOK (+3933.6% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 1 423 NOK → 5.03m NOK (0% → 1217% of revenue). Calculated
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Book investments changed
Investment / intangible book value 8.76m NOK → 52.93m NOK. Reported fact