A GREAT IDEA AS: årsregnskap 2020 vs 2019
Grew 9% on revenue, cash halved-plus
approved 2021-02-18; registry 2021-06-28; journal 2021 420831
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A GREAT IDEA AS. Revenue 15.28m NOK → 16.72m NOK (+9.4%). Net result +530.7k NOK → +447.8k NOK. Equity 7.08m NOK → 8.53m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for A GREAT IDEA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 15.28m NOK to 16.72m NOK (+9.4% YoY). Calculated
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↑
Equity strengthened
Book equity 7.08m NOK → 8.53m NOK (equity ratio 35.0% → 42.4%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +3.82m NOK → +290.0k NOK (op. margin 25.0% → 1.7%). Calculated
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↓
Net result weakened
Net result +530.7k NOK → +447.8k NOK (net margin 3.5% → 2.7%). Calculated
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↓
Cash fell
Bank deposits 170.0k NOK → 18.1k NOK (-89.4% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 3 603 NOK → 2.07m NOK (0% → 12% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 9.96m NOK → 11.61m NOK (+16.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 4.47m NOK → 4.69m NOK. Reported fact