123KULDE AS: årsregnskap 2020 vs 2019
Grew 41% on revenue, slipped into loss
approved 2021-04-10; registry 2021-04-21; journal 2021 213438
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 123KULDE AS. Revenue 1.27m NOK → 1.79m NOK (+41.3%). Net result +41.0k NOK → -59.5k NOK. Equity 243.7k NOK → 184.2k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 123KULDE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.27m NOK to 1.79m NOK (+41.3% YoY). Calculated
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↑
Cash rose
Bank deposits 72.7k NOK → 147.4k NOK (+102.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +53.3k NOK → -75.8k NOK (op. margin 4.2% → -4.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 41.0k NOK profit to a loss of 59.5k NOK. Calculated
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↓
Equity eroded
Book equity 243.7k NOK → 184.2k NOK (equity ratio 60.8% → 51.4%). Calculated
Things to notice
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·
Payroll increased
Salary cost 500.2k NOK → 872.3k NOK (39% → 49% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 371.6k NOK → 633.7k NOK (+70.5% YoY). Calculated