A-FORM AS: årsregnskap 2020 vs 2019
Shrank 20% on revenue, cash halved-plus
approved 2021-05-20; registry 2021-06-16; journal 2021 328443
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A-FORM AS. Revenue 5.24m NOK → 4.21m NOK (-19.7%). Net result +15.0k NOK → +21.9k NOK. Equity 119.5k NOK → 12.14m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; cogs moved.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A-FORM AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +71.2k NOK → +98.4k NOK (op. margin 1.4% → 2.3%). Calculated
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Net result improved
Net result +15.0k NOK → +21.9k NOK (net margin 0.3% → 0.5%). Calculated
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Equity strengthened
Book equity 119.5k NOK → 12.14m NOK (equity ratio 6.5% → 764.7%). Calculated
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Payroll decreased
Salary cost 1.73m NOK → 1.71m NOK (33% → 41% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.24m NOK to 4.21m NOK (-19.7% YoY). Calculated
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Cash fell
Bank deposits 170.1k NOK → 56.4k NOK (-66.8% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 360.8k NOK → 1.52m NOK (+320.8% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 18.8k NOK → 3 750 NOK. Reported fact