FirmaIQ
Org.nr 922 787 352 2019 → 2020 Year-over-year analysis

5029INC AS: årsregnskap 2020 vs 2019

Shrank 70% on revenue, stronger earnings

approved 2020-12-31; registry 2021-06-24; journal 2021 402097

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 5029INC AS. Revenue 939.1k NOK → 284.5k NOK (-69.7%). Net result -265.5k NOK → -74.8k NOK. Equity 8.12m NOK → 49.7k NOK.

On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
939.1k NOK 284.5k NOK
-69.7%
Operating result
-266.0k NOK -74.6k NOK
+71.9%
Net result
-265.5k NOK -74.8k NOK
+71.8%
Equity
8.12m NOK 49.7k NOK
-99.4%
Cash
176.7k NOK 151.6k NOK
-14.2%
Total assets
300.6k NOK 309.3k NOK
+2.9%

What improved

  • ↑

    Operating result improved

    Operating result -266.0k NOK → -74.6k NOK (op. margin -28.3% → -26.2%). Calculated

  • ↑

    Net result improved

    Net result -265.5k NOK → -74.8k NOK (net margin -28.3% → -26.3%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 939.1k NOK to 284.5k NOK (-69.7% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 8.12m NOK → 49.7k NOK (equity ratio 2702.9% → 16.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 176.7k NOK → 151.6k NOK (-14.2% YoY). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 59.8k NOK → 751.2k NOK (+1155.7% YoY). Calculated