FirmaIQ
Org.nr 911 689 138 2019 → 2020 Year-over-year analysis

A. HAARSTAD ELEKTRO AS: årsregnskap 2020 vs 2019

Grew 92% on revenue, slipped into loss

approved 2021-05-30; registry 2021-09-07; journal 2021 734431

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for A. HAARSTAD ELEKTRO AS. Revenue 6 326 NOK → 12.2k NOK (+92.4%). Net result +164 NOK → -2 953 NOK. Equity 54.1k NOK → 51.1k NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for A. HAARSTAD ELEKTRO AS.

At a glance

Scorecard

Revenue
6 326 NOK 12.2k NOK
+92.4%
Operating result
+164 NOK -2 953 NOK
-1900.6%
Net result
+164 NOK -2 953 NOK
-1900.6%
Equity
54.1k NOK 51.1k NOK
-5.5%
Cash
44.2k NOK 41.2k NOK
-6.7%
Total assets
58.3k NOK 55.3k NOK
-5.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 6 326 NOK to 12.2k NOK (+92.4% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +164 NOK → -2 953 NOK (op. margin 2.6% → -24.3%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 164 NOK profit to a loss of 2 953 NOK. Calculated

  • ↓

    Equity eroded

    Book equity 54.1k NOK → 51.1k NOK (equity ratio 92.8% → 92.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 44.2k NOK → 41.2k NOK (-6.7% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 3 927 NOK → 10.3k NOK (+161.7% YoY). Calculated