A B ARCTIC AS: årsregnskap 2020 vs 2019
Grew 226% on revenue, stronger earnings
approved 2021-06-14; registry 2021-09-02; journal 2021 715230
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A B ARCTIC AS. Revenue 864.3k NOK → 2.81m NOK (+225.7%). Net result +220.8k NOK → +969.7k NOK. Equity -1.62m NOK → -654.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for A B ARCTIC AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 864.3k NOK to 2.81m NOK (+225.7% YoY). Calculated
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Operating result improved
Operating result +220.9k NOK → +973.5k NOK (op. margin 25.6% → 34.6%). Calculated
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Net result improved
Net result +220.8k NOK → +969.7k NOK (net margin 25.6% → 34.4%). Calculated
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Equity strengthened
Book equity -1.62m NOK → -654.2k NOK (equity ratio -253.8% → -66.5%). Calculated
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Cash rose
Bank deposits 50.5k NOK → 379.3k NOK (+651.6% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 1.27m NOK → 2.62m NOK (147% → 93% of revenue). Calculated
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COGS fell
COGS / varekostnad 355.4k NOK → 241.0k NOK (-32.2% YoY). Calculated