59 EIENDOM AS: årsregnskap 2020 vs 2019
Grew 151% on revenue, returned to profit, cash halved-plus
approved 2021-06-29; registry 2021-09-30; journal 2021 835758
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 59 EIENDOM AS. Revenue 153.4k NOK → 384.7k NOK (+150.8%). Net result -47.5k NOK → +64.9k NOK. Equity -29.9k NOK → 35.0k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for 59 EIENDOM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 153.4k NOK to 384.7k NOK (+150.8% YoY). Calculated
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Operating result improved
Operating result -47.5k NOK → +68.1k NOK (op. margin -30.9% → 17.7%). Calculated
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Turned profitable
Net result flipped from a loss of 47.5k NOK to a profit of 64.9k NOK. Calculated
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Equity strengthened
Book equity -29.9k NOK → 35.0k NOK (equity ratio -30.5% → 22.3%). Calculated
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Current ratio back above 1×
Current ratio 0.77× → 1.29×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 87.3k NOK → 35.4k NOK (-59.5% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 1 119 NOK → 231.9k NOK (1% → 60% of revenue). Calculated
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COGS fell
COGS / varekostnad 65.0k NOK → 21.9k NOK (-66.2% YoY). Calculated