A.G UTVIKLING AS: årsregnskap 2020 vs 2019
Grew 71% on revenue, stronger earnings
registry 2021-09-01; journal 2021 659404
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A.G UTVIKLING AS. Revenue 4.92m NOK → 8.40m NOK (+70.6%). Net result +503.2k NOK → +997.6k NOK. Equity 10.65m NOK → 12 NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for A.G UTVIKLING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.92m NOK to 8.40m NOK (+70.6% YoY). Calculated
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↑
Net result improved
Net result +503.2k NOK → +997.6k NOK (net margin 10.2% → 11.9%). Calculated
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↑
Cash rose
Bank deposits 698.4k NOK → 780.4k NOK (+11.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +657.0k NOK → +319.4k NOK (op. margin 13.4% → 3.8%). Calculated
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↓
Equity eroded
Book equity 10.65m NOK → 12 NOK (equity ratio 596.1% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 2.36m NOK → 5.12m NOK (+117.3% YoY). Calculated