A BITE OF NORWAY AS: årsregnskap 2020 vs 2019
Shrank 84% on revenue, weaker earnings, cash halved-plus
registry 2021-10-05; journal 2021 875932
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A BITE OF NORWAY AS. Revenue 711.7k NOK → 111.6k NOK (-84.3%). Net result -14.5k NOK → -119.3k NOK. Equity 52.5k NOK → -66.8k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A BITE OF NORWAY AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 711.7k NOK to 111.6k NOK (-84.3% YoY). Calculated
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↓
Operating result weakened
Operating result +5 304 NOK → -129.1k NOK (op. margin 0.7% → -115.8%). Calculated
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↓
Net result weakened
Net result -14.5k NOK → -119.3k NOK (net margin -2.0% → -107.0%). Calculated
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↓
Equity eroded
Book equity 52.5k NOK → -66.8k NOK (equity ratio 14.1% → -25.1%). Calculated
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↓
Cash fell
Bank deposits 107.4k NOK → 28.5k NOK (-73.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -25.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 449.8k NOK → 75.0k NOK (-83.3% YoY). Calculated