A.G TAVLESERVICE AS: årsregnskap 2020 vs 2019
Shrank 7% on revenue, stronger earnings, cash halved-plus
registry 2021-07-03; journal 2021 438966
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A.G TAVLESERVICE AS. Revenue 7.74m NOK → 7.18m NOK (-7.2%). Net result -167.0k NOK → -102.8k NOK. Equity 1.24m NOK → 1.14m NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A.G TAVLESERVICE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -103.0k NOK → -62.5k NOK (op. margin -1.3% → -0.9%). Calculated
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↑
Net result improved
Net result -167.0k NOK → -102.8k NOK (net margin -2.2% → -1.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.74m NOK to 7.18m NOK (-7.2% YoY). Calculated
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↓
Equity eroded
Book equity 1.24m NOK → 1.14m NOK (equity ratio 34.1% → 31.0%). Calculated
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↓
Cash fell
Bank deposits 966.9k NOK → 84.4k NOK (-91.3% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 4.39m NOK → 3.86m NOK (-12.2% YoY). Calculated