FirmaIQ
Org.nr 990 821 097 2019 → 2020 Year-over-year analysis

62 NORD AS: årsregnskap 2020 vs 2019

Shrank 37% on revenue, weaker earnings

approved 2021-05-28; registry 2021-09-23; journal 2021 734623

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 62 NORD AS. Revenue 33.66m NOK → 21.20m NOK (-37.0%). Net result -1.23m NOK → -3.38m NOK. Equity 16.96m NOK → 23.58m NOK.

On the constructive side: equity strengthened; owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 62 NORD AS.

At a glance

Scorecard

Revenue
33.66m NOK 21.20m NOK
-37.0%
Operating result
-1.18m NOK -3.98m NOK
-235.9%
Net result
-1.23m NOK -3.38m NOK
-174.5%
Equity
16.96m NOK 23.58m NOK
+39.0%
Cash
611.3k NOK 537.6k NOK
-12.1%
Total assets
33.56m NOK 38.47m NOK
+14.6%

What improved

  • ↑

    Equity strengthened

    Book equity 16.96m NOK → 23.58m NOK (equity ratio 50.5% → 61.3%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 24.71m NOK → 25.03m NOK (+320.9k NOK). Reported fact

  • ↑

    Payroll decreased

    Salary cost 12.27m NOK → 12.04m NOK (36% → 57% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 33.66m NOK to 21.20m NOK (-37.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -1.18m NOK → -3.98m NOK (op. margin -3.5% → -18.8%). Calculated

  • ↓

    Net result weakened

    Net result -1.23m NOK → -3.38m NOK (net margin -3.7% → -15.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 611.3k NOK → 537.6k NOK (-12.1% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 9.40m NOK → 1.69m NOK (-82.0% YoY). Calculated