1 2 3 LØFT AS: årsregnskap 2020 vs 2019
Weaker earnings, cash halved-plus
approved 2021-04-29; registry 2021-06-01; journal 2021 367484
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 1 2 3 LØFT AS. Revenue 1.63m NOK → 1.61m NOK (-1.0%). Net result +427.9k NOK → +28.8k NOK. Equity 664.3k NOK → 693.1k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 1 2 3 LØFT AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 664.3k NOK → 693.1k NOK (equity ratio 175.6% → 39.8%). Calculated
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↑
Payroll decreased
Salary cost 321.1k NOK → 260.8k NOK (20% → 16% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.63m NOK to 1.61m NOK (-1.0% YoY). Calculated
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↓
Operating result weakened
Operating result +436.8k NOK → +39.4k NOK (op. margin 26.9% → 2.4%). Calculated
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↓
Net result weakened
Net result +427.9k NOK → +28.8k NOK (net margin 26.3% → 1.8%). Calculated
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↓
Cash fell
Bank deposits 353.7k NOK → 144.9k NOK (-59.0% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 96.1k NOK → 36.1k NOK (-62.4% YoY). Calculated