A. GULLAKSEN AS: årsregnskap 2020 vs 2019
Shrank 22% on revenue, returned to profit
registry 2021-09-28; journal 2021 748841
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A. GULLAKSEN AS. Revenue 1.56m NOK → 1.22m NOK (-22.2%). Net result -336.4k NOK → +208.8k NOK. Equity 3.13m NOK → 3.34m NOK.
On the constructive side: turned profitable; equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A. GULLAKSEN AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 336.4k NOK to a profit of 208.8k NOK. Calculated
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↑
Equity strengthened
Book equity 3.13m NOK → 3.34m NOK. Calculated
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↑
Payroll decreased
Salary cost 340.5k NOK → 141.8k NOK (22% → 12% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.56m NOK to 1.22m NOK (-22.2% YoY). Calculated
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↓
Cash fell
Bank deposits 2.87m NOK → 2.36m NOK (-17.8% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 572.4k NOK → 284.7k NOK (-50.3% YoY). Calculated