A BLOMSTER AS: årsregnskap 2020 vs 2019
Grew 53% on revenue, stronger earnings
registry 2021-05-03; journal 2021 250614
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A BLOMSTER AS. Revenue 2.31m NOK → 3.53m NOK (+52.8%). Net result +120.9k NOK → +173.4k NOK. Equity 469.5k NOK → 542.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for A BLOMSTER AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 2.31m NOK to 3.53m NOK (+52.8% YoY). Calculated
-
↑
Operating result improved
Operating result +171.6k NOK → +225.5k NOK (op. margin 7.4% → 6.4%). Calculated
-
↑
Net result improved
Net result +120.9k NOK → +173.4k NOK (net margin 5.2% → 4.9%). Calculated
-
↑
Equity strengthened
Book equity 469.5k NOK → 542.9k NOK (equity ratio 49.7% → 191.2%). Calculated
-
↑
Cash rose
Bank deposits 523.9k NOK → 731.0k NOK (+39.5% YoY). Calculated
What deteriorated
-
↓
Current ratio dropped below 1×
Current ratio 2.31× → 0.31× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Payroll increased
Salary cost 713.7k NOK → 1.26m NOK (31% → 36% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 830.7k NOK → 321.2k NOK (-61.3% YoY). Calculated