2020PARK AS: årsregnskap 2020 vs 2019
Cash halved-plus
approved 2021-03-24; registry 2021-11-03; journal 2021 894328
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2020PARK AS. Revenue 38.30m NOK → 38.05m NOK (-0.7%). Net result +7.64m NOK → +6.89m NOK. Equity 41.75m NOK → 40.87m NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for 2020PARK AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +14.72m NOK → +14.87m NOK (op. margin 38.4% → 39.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 38.30m NOK to 38.05m NOK (-0.7% YoY). Calculated
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↓
Net result weakened
Net result +7.64m NOK → +6.89m NOK (net margin 19.9% → 18.1%). Calculated
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↓
Equity eroded
Book equity 41.75m NOK → 40.87m NOK (equity ratio 7.2% → 7.3%). Calculated
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↓
Cash fell
Bank deposits 22.68m NOK → 1.20m NOK (-94.7% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.92m NOK → 3.18m NOK (8% → 8% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (22.68m NOK → 1.20m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 41.75m NOK → 40.87m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 356.34m NOK → 371.66m NOK. Reported fact