1-2-3 BYGG VEST AS: årsregnskap 2020 vs 2019
Grew 40% on revenue
approved 2021-04-13; registry 2021-04-19; journal 2021 207202
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 1-2-3 BYGG VEST AS. Revenue 1.52m NOK → 2.11m NOK (+39.5%). Net result +168.2k NOK → +140.6k NOK. Equity 9.20m NOK → 12 NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for 1-2-3 BYGG VEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.52m NOK to 2.11m NOK (+39.5% YoY). Calculated
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↑
Cash rose
Bank deposits 209.0k NOK → 670.4k NOK (+220.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +199.5k NOK → +178.8k NOK (op. margin 13.2% → 8.5%). Calculated
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↓
Net result weakened
Net result +168.2k NOK → +140.6k NOK (net margin 11.1% → 6.6%). Calculated
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↓
Equity eroded
Book equity 9.20m NOK → 12 NOK (equity ratio 1953.5% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 35.9k NOK → 64.0k NOK (+78.6% YoY). Calculated