1OFFSHORE AS: årsregnskap 2020 vs 2019
Shrank 27% on revenue, weaker earnings
approved 2021-03-24; registry 2021-04-26; journal 2021 209438
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 1OFFSHORE AS. Revenue 5.29m NOK → 3.85m NOK (-27.1%). Net result +796.4k NOK → +564.9k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 97.2k NOK → 266.5k NOK (+174.1% YoY). Calculated
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↑
Payroll decreased
Salary cost 3.30m NOK → 2.22m NOK (62% → 58% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.29m NOK to 3.85m NOK (-27.1% YoY). Calculated
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↓
Operating result weakened
Operating result +804.2k NOK → +567.5k NOK (op. margin 15.2% → 14.7%). Calculated
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↓
Net result weakened
Net result +796.4k NOK → +564.9k NOK (net margin 15.1% → 14.7%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.17× → 0.45× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated