A. CHRISTOFFERSEN AS: årsregnskap 2020 vs 2019
Shrank 40% on revenue, slipped into loss
approved 2021-04-21; registry 2021-04-29; journal 2021 238278
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A. CHRISTOFFERSEN AS. Revenue 518.4k NOK → 309.0k NOK (-40.4%). Net result +34.4k NOK → -47.4k NOK. Equity 190.9k NOK → 143.5k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A. CHRISTOFFERSEN AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 263.7k NOK → 157.9k NOK (51% → 51% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 518.4k NOK to 309.0k NOK (-40.4% YoY). Calculated
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↓
Operating result weakened
Operating result +43.4k NOK → -61.3k NOK (op. margin 8.4% → -19.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 34.4k NOK profit to a loss of 47.4k NOK. Calculated
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↓
Equity eroded
Book equity 190.9k NOK → 143.5k NOK (equity ratio 70.5% → 79.9%). Calculated
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↓
Cash fell
Bank deposits 87.0k NOK → 82.4k NOK (-5.3% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 58.7k NOK → 23.2k NOK (-60.5% YoY). Calculated