5B PROSJEKT AS: årsregnskap 2020 vs 2019
Grew 49% on revenue, stronger earnings
approved 2021-06-28; registry 2021-07-26; journal 2021 536747
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 5B PROSJEKT AS. Revenue 2.65m NOK → 3.94m NOK (+49.0%). Net result +198.6k NOK → +905.5k NOK. Equity -611.0k NOK → 294.5k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for 5B PROSJEKT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.65m NOK to 3.94m NOK (+49.0% YoY). Calculated
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↑
Net result improved
Net result +198.6k NOK → +905.5k NOK (net margin 7.5% → 23.0%). Calculated
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↑
Equity strengthened
Book equity -611.0k NOK → 294.5k NOK (equity ratio -25.1% → 14.7%). Calculated
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Cash rose
Bank deposits 858 NOK → 70.4k NOK (+8104.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.87m NOK → 1.82m NOK (70% → 46% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +277.1k NOK → +206.1k NOK (op. margin 10.5% → 5.2%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 180.3k NOK → 296.4k NOK (+64.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 4 NOK → 1.02m NOK. Reported fact