1000 MILE NORGE AS: årsregnskap 2020 vs 2019
Grew 81% on revenue, stronger earnings, cash halved-plus
approved 2021-08-13; registry 2021-08-25; journal 2021 674528
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 1000 MILE NORGE AS. Revenue 84.0k NOK → 151.8k NOK (+80.7%). Net result -164.5k NOK → -48.7k NOK. Equity 345.2k NOK → 296.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for 1000 MILE NORGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 84.0k NOK to 151.8k NOK (+80.7% YoY). Calculated
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↑
Operating result improved
Operating result -164.6k NOK → -48.5k NOK (op. margin -196.0% → -32.0%). Calculated
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↑
Net result improved
Net result -164.5k NOK → -48.7k NOK (net margin -195.9% → -32.1%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 345.2k NOK → 296.5k NOK (equity ratio 91.2% → 95.2%). Calculated
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↓
Cash fell
Bank deposits 71.7k NOK → 8 567 NOK (-88.0% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 49.1k NOK → 112.7k NOK (+129.6% YoY). Calculated