2KN RØR-SERVICE AS: årsregnskap 2020 vs 2019
Grew 10% on revenue, slipped into loss
approved 2021-08-31; registry 2021-10-30; journal 2021 887884
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2KN RØR-SERVICE AS. Revenue 6.09m NOK → 6.70m NOK (+9.9%). Net result +207.3k NOK → -132.2k NOK. Equity -931 NOK → -133.1k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for 2KN RØR-SERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.09m NOK to 6.70m NOK (+9.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +91.7k NOK → +37.9k NOK (op. margin 1.5% → 0.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 207.3k NOK profit to a loss of 132.2k NOK. Calculated
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↓
Equity eroded
Book equity -931 NOK → -133.1k NOK (equity ratio -0.0% → -6.8%). Calculated
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↓
Cash fell
Bank deposits 952.4k NOK → 901.4k NOK (-5.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -6.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 4.18m NOK → 4.68m NOK (69% → 70% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 766.0k NOK → 28.7k NOK (-96.2% YoY). Calculated