2S BYGG AS: årsregnskap 2020 vs 2019
Shrank 56% on revenue, returned to profit
approved 2021-05-03; registry 2021-07-12; journal 2021 480067
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2S BYGG AS. Revenue 2.56m NOK → 1.11m NOK (-56.4%). Net result -17.5k NOK → +8.14m NOK.
On the constructive side: operating result improved; turned profitable; cash rose. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 2S BYGG AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +10.8k NOK → +150.6k NOK (op. margin 0.4% → 13.5%). Calculated
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Turned profitable
Net result flipped from a loss of 17.5k NOK to a profit of 8.14m NOK. Calculated
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Cash rose
Bank deposits 9 873 NOK → 13.5k NOK (+36.4% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.56m NOK to 1.11m NOK (-56.4% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.53m NOK → 3444.14bn NOK (60% → 308994513% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 487.8k NOK → 348.1k NOK (-28.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 165.4k NOK → 5 762 NOK. Reported fact