A GULLIKSEN & SØNN AS: årsregnskap 2020 vs 2019
Weaker earnings
approved 2021-04-19; registry 2021-05-11; journal 2021 226226
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A GULLIKSEN & SØNN AS. Revenue 4.33m NOK → 4.20m NOK (-3.2%). Net result +282.7k NOK → +155.6k NOK. Equity 556.8k NOK → 712.4k NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 556.8k NOK → 712.4k NOK (equity ratio 30.7% → 41.3%). Calculated
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↑
Cash rose
Bank deposits 228.4k NOK → 470.8k NOK (+106.1% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 4.33m NOK to 4.20m NOK (-3.2% YoY). Calculated
-
↓
Operating result weakened
Operating result +313.5k NOK → +139.0k NOK (op. margin 7.2% → 3.3%). Calculated
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↓
Net result weakened
Net result +282.7k NOK → +155.6k NOK (net margin 6.5% → 3.7%). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.17m NOK → 2.42m NOK (50% → 58% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 27.0k NOK → 1.04m NOK (+3737.5% YoY). Calculated