ABYSSUS MARINE SERVICES AS: årsregnskap 2020 vs 2019
Shrank 99% on revenue, stronger earnings, fresh owner capital
approved 2021-09-30; registry 2021-10-30; journal 2021 885544
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABYSSUS MARINE SERVICES AS. Revenue 2.71m NOK → 15.0k NOK (-99.4%). Net result +1 768 NOK → +99.8k NOK. Equity -1.03m NOK → 68.8k NOK.
On the constructive side: net result improved; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABYSSUS MARINE SERVICES AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +1 768 NOK → +99.8k NOK (net margin 0.1% → 665.5%). Calculated
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Equity strengthened
Book equity -1.03m NOK → 68.8k NOK (equity ratio -25.6% → 1.8%). Calculated
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Current ratio back above 1×
Current ratio 0.78× → 1.00×. Calculated
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Owners injected capital
Paid-in equity rose 43.4k NOK → 1.04m NOK (+1.00m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.71m NOK to 15.0k NOK (-99.4% YoY). Calculated
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Operating result weakened
Operating result +1 949 NOK → -179.4k NOK (op. margin 0.1% → -1195.8%). Calculated
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↓
Payroll up without matching revenue
Salary cost 8 NOK → 165.6k NOK (0% → 1104% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 44.8k NOK → 5 030 NOK (-88.8% YoY). Calculated