A & B ANDREASSEN MASKIN AS: årsregnskap 2020 vs 2019
Shrank 11% on revenue, returned to profit
approved 2021-07-02; registry 2021-09-01; journal 2021 657766
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A & B ANDREASSEN MASKIN AS. Revenue 12.98m NOK → 11.56m NOK (-11.0%). Net result -779.9k NOK → +373.9k NOK.
On the constructive side: operating result improved; turned profitable; payroll decreased. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A & B ANDREASSEN MASKIN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -517.1k NOK → +594.4k NOK (op. margin -4.0% → 5.1%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 779.9k NOK to a profit of 373.9k NOK. Calculated
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↑
Payroll decreased
Salary cost 5.38m NOK → 5.14m NOK (41% → 44% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 12.98m NOK to 11.56m NOK (-11.0% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.60m NOK → 1.02m NOK (-60.7% YoY). Calculated