A.FURULUND ASFALT AS: årsregnskap 2020 vs 2019
Grew 91% on revenue, weaker earnings
approved 2021-10-18; registry 2021-11-02; journal 2021 891885
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A.FURULUND ASFALT AS. Revenue 11.14m NOK → 21.25m NOK (+90.7%). Net result +587.0k NOK → +395.7k NOK. Equity 1.63m NOK → 440.1k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for A.FURULUND ASFALT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 11.14m NOK to 21.25m NOK (+90.7% YoY). Calculated
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↑
Operating result improved
Operating result +803.7k NOK → +868.6k NOK (op. margin 7.2% → 4.1%). Calculated
What deteriorated
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↓
Net result weakened
Net result +587.0k NOK → +395.7k NOK (net margin 5.3% → 1.9%). Calculated
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↓
Equity eroded
Book equity 1.63m NOK → 440.1k NOK. Calculated
Things to notice
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·
Payroll increased
Salary cost 3.33m NOK → 3.68m NOK (30% → 17% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 4.27m NOK → 11.55m NOK (+170.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 98.2k NOK → 7 718 NOK. Reported fact