A BRANDTH AS: årsregnskap 2020 vs 2019
Grew 21% on revenue, returned to profit
approved 2021-07-07; registry 2021-07-19; journal 2021 581456
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A BRANDTH AS. Revenue 4.84m NOK → 5.83m NOK (+20.7%). Net result -242.6k NOK → +361.6k NOK. Equity 1.45m NOK → 2.81m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A BRANDTH AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.84m NOK to 5.83m NOK (+20.7% YoY). Calculated
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Operating result improved
Operating result -54.3k NOK → +479.2k NOK (op. margin -1.1% → 8.2%). Calculated
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Turned profitable
Net result flipped from a loss of 242.6k NOK to a profit of 361.6k NOK. Calculated
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Equity strengthened
Book equity 1.45m NOK → 2.81m NOK (equity ratio 49.3% → 55.7%). Calculated
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Cash rose
Bank deposits 913.6k NOK → 2.21m NOK (+142.1% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 1.08m NOK → 1.08m NOK (22% → 19% of revenue). Calculated
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COGS moved
COGS / varekostnad 2.64m NOK → 3.06m NOK (+15.7% YoY). Calculated