360 VEST AS: årsregnskap 2020 vs 2019
Shrank 52% on revenue, stronger earnings
approved 2021-06-22; registry 2021-07-10; journal 2021 474969
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 360 VEST AS. Revenue 973.9k NOK → 468.2k NOK (-51.9%). Net result +50.4k NOK → +137.1k NOK. Equity 30.1k NOK → 35.2k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 360 VEST AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +64.9k NOK → +175.8k NOK (op. margin 6.7% → 37.6%). Calculated
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↑
Net result improved
Net result +50.4k NOK → +137.1k NOK (net margin 5.2% → 29.3%). Calculated
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↑
Equity strengthened
Book equity 30.1k NOK → 35.2k NOK (equity ratio 13.8% → 15.9%). Calculated
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Cash rose
Bank deposits 742 NOK → 13.3k NOK (+1690.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 973.9k NOK to 468.2k NOK (-51.9% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 329.6k NOK → 137.2k NOK (-58.4% YoY). Calculated