FirmaIQ
Org.nr 993 011 126 2019 → 2020 Year-over-year analysis

A. BØRRESEN EIENDOM AS: årsregnskap 2020 vs 2019

Grew 14% on revenue, stronger earnings

approved 2021-05-26; registry 2021-08-11; journal 2021 621426

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for A. BØRRESEN EIENDOM AS. Revenue 1.26m NOK → 1.44m NOK (+14.2%). Net result -211.2k NOK → -163.8k NOK. Equity 2.09m NOK → 1.93m NOK.

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

Also worth watching: payroll increased. All figures are taken from the published annual accounts for A. BØRRESEN EIENDOM AS.

At a glance

Scorecard

Revenue
1.26m NOK 1.44m NOK
+14.2%
Operating result
-73.9k NOK -22.1k NOK
+70.0%
Net result
-211.2k NOK -163.8k NOK
+22.4%
Equity
2.09m NOK 1.93m NOK
-7.8%
Cash
606.5k NOK 604.2k NOK
-0.4%
Total assets
6.42m NOK 7.10m NOK
+10.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.26m NOK to 1.44m NOK (+14.2% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -73.9k NOK → -22.1k NOK (op. margin -5.8% → -1.5%). Calculated

  • ↑

    Net result improved

    Net result -211.2k NOK → -163.8k NOK (net margin -16.7% → -11.3%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 2.09m NOK → 1.93m NOK (equity ratio 32.6% → 27.2%). Calculated

  • ↓

    Cash fell

    Bank deposits 606.5k NOK → 604.2k NOK (-0.4% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1 NOK → 608.0k NOK (0% → 42% of revenue). Calculated