365 IDEER AS: årsregnskap 2020 vs 2019
Grew 29% on revenue, weaker earnings
approved 2021-02-22; registry 2021-03-06; journal 2021 136410
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 365 IDEER AS. Revenue 568.6k NOK → 734.1k NOK (+29.1%). Net result +124.5k NOK → +28.0k NOK. Equity 170.2k NOK → 198.1k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 365 IDEER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 568.6k NOK to 734.1k NOK (+29.1% YoY). Calculated
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↑
Equity strengthened
Book equity 170.2k NOK → 198.1k NOK (equity ratio 41.2% → 56.7%). Calculated
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↑
Cash rose
Bank deposits 55.3k NOK → 65.0k NOK (+17.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +125.1k NOK → +24.6k NOK (op. margin 22.0% → 3.3%). Calculated
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↓
Net result weakened
Net result +124.5k NOK → +28.0k NOK (net margin 21.9% → 3.8%). Calculated
Things to notice
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·
Payroll increased
Salary cost 76.4k NOK → 1.11m NOK (13% → 152% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1 150 NOK → 446.5k NOK (+38729.7% YoY). Calculated