24 RENHOLDSERVICE AS: årsregnskap 2020 vs 2019
Shrank 13% on revenue, weaker earnings
approved 2021-04-27; registry 2021-05-22; journal 2021 241570
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 24 RENHOLDSERVICE AS. Revenue 4.72m NOK → 4.10m NOK (-13.0%). Net result +590.9k NOK → +336.4k NOK. Equity 31.1k NOK → 367.5k NOK.
On the constructive side: equity strengthened; current ratio back above 1×; 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
-
↑
Equity strengthened
Book equity 31.1k NOK → 367.5k NOK (equity ratio 0.7% → 17.5%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.96× → 1.16×. Calculated
-
↑
Payroll decreased
Salary cost 3.19m NOK → 2.88m NOK (68% → 70% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 4.72m NOK to 4.10m NOK (-13.0% YoY). Calculated
-
↓
Operating result weakened
Operating result +779.1k NOK → +453.2k NOK (op. margin 16.5% → 11.0%). Calculated
-
↓
Net result weakened
Net result +590.9k NOK → +336.4k NOK (net margin 12.5% → 8.2%). Calculated
-
↓
Cash fell
Bank deposits 3.03m NOK → 1.85m NOK (-38.9% YoY). Calculated
-
↓
COGS moved
COGS / varekostnad 52.9k NOK → 114.8k NOK (+116.9% YoY). Calculated