A-GLASS AS: årsregnskap 2020 vs 2019
Shrank 20% on revenue, slipped into loss
approved 2021-02-12; registry 2021-04-14; journal 2021 190784
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A-GLASS AS. Revenue 1.80m NOK → 1.44m NOK (-19.8%). Net result +6.12m NOK → -6 425 NOK. Equity 350.5k NOK → 344.1k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 460.9k NOK → 508.4k NOK (+10.3% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.23m NOK → 1.11m NOK (68% → 77% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.80m NOK to 1.44m NOK (-19.8% YoY). Calculated
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↓
Operating result weakened
Operating result +160.2k NOK → -22.3k NOK (op. margin 8.9% → -1.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 6.12m NOK profit to a loss of 6 425 NOK. Calculated
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↓
Equity eroded
Book equity 350.5k NOK → 344.1k NOK (equity ratio 52.6% → 58.1%). Calculated
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↓
COGS moved
COGS / varekostnad 110.5k NOK → 167.3k NOK (+51.4% YoY). Calculated