A ENG AS: årsregnskap 2020 vs 2019
Shrank 49% on revenue
approved 2021-02-09; registry 2021-08-19; journal 2021 647091
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A ENG AS. Revenue 1.32m NOK → 673.2k NOK (-49.1%). Net result +237.8k NOK → +220.0k NOK. Equity 544.0k NOK → 456.9k NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A ENG AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.58× → 293.45×. Calculated
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↑
Payroll decreased
Salary cost 607.8k NOK → 576.6k NOK (46% → 86% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.32m NOK to 673.2k NOK (-49.1% YoY). Calculated
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↓
Operating result weakened
Operating result +313.4k NOK → -153.9k NOK (op. margin 23.7% → -22.9%). Calculated
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↓
Net result weakened
Net result +237.8k NOK → +220.0k NOK (net margin 18.0% → 32.7%). Calculated
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↓
Equity eroded
Book equity 544.0k NOK → 456.9k NOK (equity ratio 124.1% → 28.2%). Calculated
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↓
Cash fell
Bank deposits 412.7k NOK → 236.6k NOK (-42.7% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 30.0k NOK → 10 NOK. Reported fact