A-G MASKIN AS: årsregnskap 2020 vs 2019
Shrank 25% on revenue, slipped into loss, cash halved-plus
approved 2021-06-30; registry 2021-07-03; journal 2021 513232
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A-G MASKIN AS. Revenue 408.4k NOK → 304.3k NOK (-25.5%). Net result +73.5k NOK → -192.4k NOK. Equity 622.6k NOK → 430.2k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A-G MASKIN AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 408.4k NOK to 304.3k NOK (-25.5% YoY). Calculated
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↓
Operating result weakened
Operating result +94.1k NOK → +8 214 NOK (op. margin 23.0% → 2.7%). Calculated
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Fell into a net loss
Net result flipped from 73.5k NOK profit to a loss of 192.4k NOK. Calculated
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Equity eroded
Book equity 622.6k NOK → 430.2k NOK. Calculated
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↓
Cash fell
Bank deposits 584.2k NOK → 117.1k NOK (-80.0% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 26.5k NOK → 6 198 NOK (-76.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 50.0k NOK → 6.74m NOK. Reported fact