A.HILDONEN BAKERI & KONDITORI AS: årsregnskap 2020 vs 2019
Shrank 11% on revenue, stronger earnings
approved 2021-03-09; registry 2021-03-17; journal 2021 149201
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A.HILDONEN BAKERI & KONDITORI AS. Revenue 8.27m NOK → 7.34m NOK (-11.3%). Net result +44.8k NOK → +99.8k NOK. Equity 36.8k NOK → 136.6k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A.HILDONEN BAKERI & KONDITORI AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +70.5k NOK → +138.0k NOK (op. margin 0.9% → 1.9%). Calculated
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↑
Net result improved
Net result +44.8k NOK → +99.8k NOK (net margin 0.5% → 1.4%). Calculated
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↑
Equity strengthened
Book equity 36.8k NOK → 136.6k NOK (equity ratio 2.0% → 9.0%). Calculated
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↑
Cash rose
Bank deposits 12.3k NOK → 823.6k NOK (+6576.8% YoY). Calculated
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↑
Payroll decreased
Salary cost 3.75m NOK → 3.26m NOK (45% → 44% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.27m NOK to 7.34m NOK (-11.3% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.93m NOK → 1.80m NOK (-6.7% YoY). Calculated