A-B CARS AS: årsregnskap 2020 vs 2019
Grew 26% on revenue, weaker earnings, cash halved-plus
approved 2021-08-31; registry 2021-10-23; journal 2021 861062
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A-B CARS AS. Revenue 766.9k NOK → 967.1k NOK (+26.1%). Net result -4.24m NOK → -9.41m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for A-B CARS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 766.9k NOK to 967.1k NOK (+26.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -3.78m NOK → -9.04m NOK (op. margin -493.1% → -934.4%). Calculated
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↓
Net result weakened
Net result -4.24m NOK → -9.41m NOK (net margin -552.4% → -973.1%). Calculated
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↓
Cash fell
Bank deposits 379.9k NOK → 149.4k NOK (-60.7% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 123.8k NOK → 40.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 44.6k NOK → 2.70m NOK (6% → 279% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 6 129 NOK → 4.71bn NOK (+76778218.3% YoY). Calculated