2020PARK AS: årsregnskap 2024 vs 2023
Shrank 8% on revenue, stronger earnings, cash halved-plus
approved 2025-03-19; registry 2025-03-26; journal 2025 344712
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 2020PARK AS. Revenue 49.73m NOK → 45.87m NOK (-7.8%). Net result +8.76m NOK → +13.84m NOK. Equity 49.06m NOK → 57.04m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; 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 +15.89m NOK → +19.46m NOK (op. margin 32.0% → 42.4%). Calculated
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Net result improved
Net result +8.76m NOK → +13.84m NOK (net margin 17.6% → 30.2%). Calculated
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Equity strengthened
Book equity 49.06m NOK → 57.04m NOK (equity ratio 8.7% → 10.3%). Calculated
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Owners injected capital
Paid-in equity rose 49.06m NOK → 57.04m NOK (+7.97m NOK). Reported fact
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Payroll decreased
Salary cost 7.73m NOK → 3.87m NOK (16% → 8% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 49.73m NOK to 45.87m NOK (-7.8% YoY). Calculated
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Cash fell
Bank deposits 11.34m NOK → 2.31m NOK (-79.7% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.06× → 0.92× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (11.34m NOK → 2.31m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 379.96m NOK → 379.15m NOK. Reported fact