FirmaIQ
Org.nr 989 217 232 2019 → 2020 Year-over-year analysis

A HVIDE HOLDING AS: årsregnskap 2020 vs 2019

Shrank 5% on revenue, returned to profit

approved 2021-07-08; registry 2021-07-31; journal 2021 560765

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for A HVIDE HOLDING AS. Revenue 492.4k NOK → 465.8k NOK (-5.4%). Net result -8.12m NOK → +12.78m NOK. Equity 4.42bn NOK → 4.41bn NOK.

On the constructive side: operating result improved; turned profitable. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for A HVIDE HOLDING AS.

At a glance

Scorecard

Revenue
492.4k NOK 465.8k NOK
-5.4%
Operating result
-2.38m NOK +536.4k NOK
+122.5%
Net result
-8.12m NOK +12.78m NOK
+257.4%
Equity
4.42bn NOK 4.41bn NOK
-0.1%
Cash
6.69m NOK 3.92m NOK
-41.4%
Total assets
433.32m NOK 422.37m NOK
-2.5%

What improved

  • ↑

    Operating result improved

    Operating result -2.38m NOK → +536.4k NOK (op. margin -483.9% → 115.1%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 8.12m NOK to a profit of 12.78m NOK. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 492.4k NOK to 465.8k NOK (-5.4% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 4.42bn NOK → 4.41bn NOK (equity ratio 1019.9% → 1044.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 6.69m NOK → 3.92m NOK (-41.4% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.41m NOK → 1.59m NOK (287% → 342% of revenue). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 5.22bn NOK → 31.2k NOK. Reported fact