A. HØVIK EIENDOM AS: årsregnskap 2020 vs 2019
Weaker earnings
approved 2021-04-14; registry 2021-08-12; journal 2021 608900
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A. HØVIK EIENDOM AS. Revenue 8.77m NOK → 8.56m NOK (-2.4%). Net result +560.0k NOK → +158.4k NOK. Equity 11.80m NOK → 12.18m NOK.
On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; net result weakened; cogs moved.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A. HØVIK EIENDOM AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +2.13m NOK → +2.50m NOK (op. margin 24.2% → 29.2%). Calculated
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Equity strengthened
Book equity 11.80m NOK → 12.18m NOK (equity ratio 21.0% → 21.9%). Calculated
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Cash rose
Bank deposits 330.6k NOK → 860.3k NOK (+160.2% YoY). Calculated
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Payroll decreased
Salary cost 2.79m NOK → 2.50m NOK (32% → 29% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.77m NOK to 8.56m NOK (-2.4% YoY). Calculated
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↓
Net result weakened
Net result +560.0k NOK → +158.4k NOK (net margin 6.4% → 1.9%). Calculated
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↓
COGS moved
COGS / varekostnad 80.4k NOK → 116.0k NOK (+44.2% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 518.3k NOK → -1 877 NOK. Reported fact