A COSTA SAKS AS: årsregnskap 2020 vs 2019
Shrank 5% on revenue, returned to profit
approved 2021-03-26; registry 2021-05-18; journal 2021 291108
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A COSTA SAKS AS. Revenue 2.23m NOK → 2.11m NOK (-5.1%). Net result -110.9k NOK → +305.4k NOK. Equity -55.0k NOK → 2.25m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A COSTA SAKS AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -105.8k NOK → +352.0k NOK (op. margin -4.7% → 16.6%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 110.9k NOK to a profit of 305.4k NOK. Calculated
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↑
Equity strengthened
Book equity -55.0k NOK → 2.25m NOK (equity ratio -19.9% → 368.9%). Calculated
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↑
Cash rose
Bank deposits 163.0k NOK → 472.1k NOK (+189.5% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.83× → 1.70×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.23m NOK to 2.11m NOK (-5.1% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 303.5k NOK → 166.3k NOK (-45.2% YoY). Calculated