13 HUMLER AS: årsregnskap 2020 vs 2019
Grew 8% on revenue, slipped into loss, cash halved-plus
approved 2021-06-17; registry 2021-06-21; journal 2021 452413
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 13 HUMLER AS. Revenue 314.4k NOK → 338.9k NOK (+7.8%). Net result +16.5k NOK → -147.8k NOK. Equity 46.7k NOK → -71.1k NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 13 HUMLER AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 314.4k NOK to 338.9k NOK (+7.8% YoY). Calculated
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Owners injected capital
Paid-in equity rose 30.0k NOK → 60.0k NOK (+30.0k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +21.1k NOK → -147.4k NOK (op. margin 6.7% → -43.5%). Calculated
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Fell into a net loss
Net result flipped from 16.5k NOK profit to a loss of 147.8k NOK. Calculated
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↓
Equity eroded
Book equity 46.7k NOK → -71.1k NOK (equity ratio 77.1% → -56.5%). Calculated
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↓
Cash fell
Bank deposits 49.2k NOK → 11.9k NOK (-75.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 4.37× → 0.83× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -56.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 147.3k NOK → 127.0k NOK (-13.8% YoY). Calculated