A.ELIASSEN TRANSPORT AS: årsregnskap 2020 vs 2019
Grew 101% on revenue, cash halved-plus
approved 2021-07-02; registry 2021-07-05; journal 2021 533482
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A.ELIASSEN TRANSPORT AS. Revenue 5.05m NOK → 10.15m NOK (+100.8%). Net result +586.2k NOK → +524.0k NOK. Equity 616.2k NOK → 140.1k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A.ELIASSEN TRANSPORT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.05m NOK to 10.15m NOK (+100.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +747.0k NOK → +675.9k NOK (op. margin 14.8% → 6.7%). Calculated
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↓
Net result weakened
Net result +586.2k NOK → +524.0k NOK (net margin 11.6% → 5.2%). Calculated
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↓
Equity eroded
Book equity 616.2k NOK → 140.1k NOK (equity ratio 41.2% → 5.6%). Calculated
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↓
Cash fell
Bank deposits 707.9k NOK → 297.4k NOK (-58.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1 620 NOK → 2.26m NOK (0% → 22% of revenue). Calculated
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COGS moved
COGS / varekostnad 1 392 NOK → 2.86m NOK (+205428.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 49.2k NOK → 287.9k NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 3 → 0. Reported fact