FirmaIQ
Org.nr 974 493 411 2019 → 2020 Year-over-year analysis

A B MATTESERVICE AS: årsregnskap 2020 vs 2019

Weaker earnings

registry 2021-06-09; journal 2021 270978

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for A B MATTESERVICE AS. Revenue 9.82m NOK → 9.89m NOK (+0.7%). Net result +825.1k NOK → +3 306 NOK. Equity 1.04m NOK → 1.05m NOK.

On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.

Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for A B MATTESERVICE AS.

At a glance

Scorecard

Revenue
9.82m NOK 9.89m NOK
+0.7%
Operating result
+1.10m NOK +24.6k NOK
-97.8%
Net result
+825.1k NOK +3 306 NOK
-99.6%
Equity
1.04m NOK 1.05m NOK
+0.3%
Cash
449.5k NOK 367.9k NOK
-18.1%
Total assets
6.67m NOK 6.62m NOK
-0.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 9.82m NOK to 9.89m NOK (+0.7% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 1.04m NOK → 1.05m NOK (equity ratio 15.7% → 15.8%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +1.10m NOK → +24.6k NOK (op. margin 11.2% → 0.2%). Calculated

  • ↓

    Net result weakened

    Net result +825.1k NOK → +3 306 NOK (net margin 8.4% → 0.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 449.5k NOK → 367.9k NOK (-18.1% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 3.93m NOK → 4.24m NOK (40% → 43% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 274.7k NOK → 11 NOK (-100.0% YoY). Calculated