FirmaIQ
Org.nr 992 357 010 2019 → 2020 Year-over-year analysis

2 SNØMENN AS: årsregnskap 2020 vs 2019

Grew 39% on revenue

approved 2021-05-03; registry 2021-06-07; journal 2021 261275

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 2 SNØMENN AS. Revenue 12.71m NOK → 17.64m NOK (+38.7%). Net result +4.11m NOK → +3.35m NOK. Equity 4.34m NOK → 4.69m NOK.

On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 2 SNØMENN AS.

At a glance

Scorecard

Revenue
12.71m NOK 17.64m NOK
+38.7%
Operating result
+5.21m NOK +4.27m NOK
-18.1%
Net result
+4.11m NOK +3.35m NOK
-18.5%
Equity
4.34m NOK 4.69m NOK
+8.1%
Cash
7.91m NOK 8.62m NOK
+9.0%
Total assets
9.98m NOK 10.60m NOK
+6.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 12.71m NOK to 17.64m NOK (+38.7% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 4.34m NOK → 4.69m NOK (equity ratio 43.5% → 44.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 7.91m NOK → 8.62m NOK (+9.0% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +5.21m NOK → +4.27m NOK (op. margin 41.0% → 24.2%). Calculated

  • ↓

    Net result weakened

    Net result +4.11m NOK → +3.35m NOK (net margin 32.3% → 19.0%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 2.58m NOK → 2.71m NOK (20% → 15% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 4.13m NOK → 9.75m NOK (+136.3% YoY). Calculated