705 SENTERET AS: årsregnskap 2020 vs 2019
Grew 9% on revenue, returned to profit
approved 2021-09-15; registry 2021-09-18; journal 2021 767716
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 705 SENTERET AS. Revenue 484.3k NOK → 529.5k NOK (+9.3%). Net result -45.8k NOK → +3 670 NOK. Equity -382.5k NOK → -378.9k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for 705 SENTERET AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 484.3k NOK to 529.5k NOK (+9.3% YoY). Calculated
-
↑
Operating result improved
Operating result +76.0k NOK → +122.3k NOK (op. margin 15.7% → 23.1%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 45.8k NOK to a profit of 3 670 NOK. Calculated
-
↑
Equity strengthened
Book equity -382.5k NOK → -378.9k NOK (equity ratio -15.3% → -15.6%). Calculated
-
↑
Cash rose
Bank deposits 27.5k NOK → 35.0k NOK (+27.4% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -15.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS moved
COGS / varekostnad 340.5k NOK → 350.3k NOK (+2.9% YoY). Calculated