123 FLYTTING & TRANSPORT AS: årsregnskap 2020 vs 2019
Grew 31% on revenue, weaker earnings
approved 2021-06-16; registry 2021-10-05; journal 2021 876502
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 123 FLYTTING & TRANSPORT AS. Revenue 4.99m NOK → 6.53m NOK (+30.7%). Net result +285.4k NOK → +173.4k NOK. Equity 284.6k NOK → 458.0k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for 123 FLYTTING & TRANSPORT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.99m NOK to 6.53m NOK (+30.7% YoY). Calculated
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↑
Operating result improved
Operating result +125.1k NOK → +306.4k NOK (op. margin 2.5% → 4.7%). Calculated
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↑
Equity strengthened
Book equity 284.6k NOK → 458.0k NOK (equity ratio 31.7% → 12.0%). Calculated
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↑
Cash rose
Bank deposits 332.2k NOK → 771.3k NOK (+132.1% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +285.4k NOK → +173.4k NOK (net margin 5.7% → 2.7%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 99.7k NOK → 270.0k NOK (+170.8% YoY). Calculated