A-GAVE AS: årsregnskap 2020 vs 2019
Grew 48% on revenue, stronger earnings
approved 2021-02-22; registry 2021-03-08; journal 2021 140369
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A-GAVE AS. Revenue 4.01m NOK → 5.96m NOK (+48.3%). Net result +352.9k NOK → +995.4k NOK. Equity 11 NOK → 2.06m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A-GAVE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.01m NOK to 5.96m NOK (+48.3% YoY). Calculated
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↑
Operating result improved
Operating result +453.3k NOK → +1.28m NOK (op. margin 11.3% → 21.4%). Calculated
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↑
Net result improved
Net result +352.9k NOK → +995.4k NOK (net margin 8.8% → 16.7%). Calculated
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↑
Equity strengthened
Book equity 11 NOK → 2.06m NOK (equity ratio 0.0% → 67.3%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 988.4k NOK → 797.1k NOK (-19.4% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 NOK → 324.5k NOK (0% → 5% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2.59m NOK → 4.17m NOK (+60.7% YoY). Calculated