A HOFF EIENDOM AS: årsregnskap 2020 vs 2019
Grew 6% on revenue, stronger earnings, cash halved-plus
approved 2021-06-26; registry 2021-07-10; journal 2021 552381
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A HOFF EIENDOM AS. Revenue 864 NOK → 912 NOK (+5.6%). Net result +317.6k NOK → +11.34m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for A HOFF EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 864 NOK to 912 NOK (+5.6% YoY). Calculated
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↑
Operating result improved
Operating result +559.0k NOK → +569.5k NOK (op. margin 64704.5% → 62449.7%). Calculated
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↑
Net result improved
Net result +317.6k NOK → +11.34m NOK (net margin 36761.9% → 1243562.9%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 1.30m NOK → 76.7k NOK (-94.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.30m NOK → 76.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation