0 - 6 ULLENSAKERGATA BARNEHAGE AS: årsregnskap 2020 vs 2019
Stronger earnings, cash halved-plus
approved 2021-08-30; registry 2021-10-02; journal 2021 851552
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 0 - 6 ULLENSAKERGATA BARNEHAGE AS. Revenue 4.96m NOK → 5.09m NOK (+2.5%). Net result +27.6k NOK → +88.7k NOK. Equity 2.31m NOK → 2.40m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs fell. All figures are taken from the published annual accounts for 0 - 6 ULLENSAKERGATA BARNEHAGE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.96m NOK to 5.09m NOK (+2.5% YoY). Calculated
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Operating result improved
Operating result +240.0k NOK → +379.0k NOK (op. margin 4.8% → 7.4%). Calculated
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Net result improved
Net result +27.6k NOK → +88.7k NOK (net margin 0.6% → 1.7%). Calculated
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Equity strengthened
Book equity 2.31m NOK → 2.40m NOK (equity ratio 23.0% → 19.4%). Calculated
What deteriorated
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Cash fell
Bank deposits 4.00m NOK → 963.9k NOK (-75.9% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (4.00m NOK → 963.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 3.83m NOK → 3.91m NOK (77% → 77% of revenue). Calculated
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COGS fell
COGS / varekostnad 72.0k NOK → 48.9k NOK (-32.1% YoY). Calculated