A. HESSELBERG AS: årsregnskap 2020 vs 2019
Shrank 8% on revenue, weaker earnings, cash halved-plus
approved 2021-04-30; registry 2021-05-03; journal 2021 257120
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A. HESSELBERG AS. Revenue 3.04m NOK → 2.80m NOK (-8.0%). Net result -422.1k NOK → -580.5k NOK. Equity -363.9k NOK → -944.4k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for A. HESSELBERG AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.38m NOK → 1.81m NOK (78% → 65% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.04m NOK to 2.80m NOK (-8.0% YoY). Calculated
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↓
Operating result weakened
Operating result -452.7k NOK → -577.1k NOK (op. margin -14.9% → -20.6%). Calculated
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↓
Net result weakened
Net result -422.1k NOK → -580.5k NOK (net margin -13.9% → -20.8%). Calculated
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↓
Equity eroded
Book equity -363.9k NOK → -944.4k NOK (equity ratio -17.0% → -61.0%). Calculated
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↓
Cash fell
Bank deposits 214.7k NOK → 93.4k NOK (-56.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -61.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 60.05m NOK → 206.7k NOK (-99.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 4 NOK → 30.0k NOK. Reported fact