A&A STAR PRODUCTIONS AS: årsregnskap 2020 vs 2019
Grew 215% on revenue, stronger earnings
approved 2021-09-08; registry 2021-09-11; journal 2021 746605
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A&A STAR PRODUCTIONS AS. Revenue 159.8k NOK → 503.3k NOK (+215.0%). Net result -62.3k NOK → -30.6k NOK. Equity 18.7k NOK → -11.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for A&A STAR PRODUCTIONS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 159.8k NOK to 503.3k NOK (+215.0% YoY). Calculated
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↑
Operating result improved
Operating result -62.3k NOK → -23.0k NOK (op. margin -39.0% → -4.6%). Calculated
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↑
Net result improved
Net result -62.3k NOK → -30.6k NOK (net margin -39.0% → -6.1%). Calculated
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↑
Cash rose
Bank deposits 45.7k NOK → 665.1k NOK (+1356.4% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 18.7k NOK → -11.9k NOK (equity ratio 41.0% → -1.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 45.3k NOK → 198.0k NOK (+337.1% YoY). Calculated