150 YARDS AHEAD AS: årsregnskap 2020 vs 2019
Grew 53% on revenue, stronger earnings
approved 2021-09-10; registry 2021-09-13; journal 2021 753081
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 150 YARDS AHEAD AS. Revenue 345.9k NOK → 529.4k NOK (+53.1%). Net result +127.3k NOK → +633.3k NOK. Equity -566.3k NOK → 67.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for 150 YARDS AHEAD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 345.9k NOK to 529.4k NOK (+53.1% YoY). Calculated
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Operating result improved
Operating result +154.4k NOK → +669.5k NOK (op. margin 44.6% → 126.4%). Calculated
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Net result improved
Net result +127.3k NOK → +633.3k NOK (net margin 36.8% → 119.6%). Calculated
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Equity strengthened
Book equity -566.3k NOK → 67.0k NOK (equity ratio -1574.0% → 9.1%). Calculated
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Cash rose
Bank deposits 5 991 NOK → 12.3k NOK (+104.5% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 2 510 NOK → 3.26m NOK (1% → 616% of revenue). Calculated
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COGS fell
COGS / varekostnad 56.4k NOK → -586.8k NOK (-1141.2% YoY). Calculated