A HELGELAND BETONG AS: årsregnskap 2020 vs 2019
Grew 27% on revenue, weaker earnings
approved 2021-09-01; registry 2021-10-02; journal 2021 766506
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A HELGELAND BETONG AS. Revenue 10.27m NOK → 13.01m NOK (+26.7%). Net result -503.5k NOK → -1.58m NOK. Equity -1.44m NOK → -3.02m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A HELGELAND BETONG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 10.27m NOK to 13.01m NOK (+26.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -329.5k NOK → -1.43m NOK (op. margin -3.2% → -11.0%). Calculated
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↓
Net result weakened
Net result -503.5k NOK → -1.58m NOK (net margin -4.9% → -12.1%). Calculated
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↓
Equity eroded
Book equity -1.44m NOK → -3.02m NOK (equity ratio -45.5% → -76.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -76.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 5.15m NOK → 6.19m NOK (50% → 48% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 3.20m NOK → 5.95m NOK (+85.6% YoY). Calculated