A I RENHOLD & BYGG AS: årsregnskap 2020 vs 2019
Slipped into loss
approved 2021-05-25; registry 2021-05-27; journal 2021 335223
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A I RENHOLD & BYGG AS. Revenue 1 275 NOK → 1 293 NOK (+1.4%). Net result 0 NOK → -37.0k NOK. Equity 48.4k NOK → 11.4k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A I RENHOLD & BYGG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 275 NOK to 1 293 NOK (+1.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -8 903 NOK → -35.9k NOK (op. margin -698.3% → -2777.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 0 NOK profit to a loss of 37.0k NOK. Calculated
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↓
Equity eroded
Book equity 48.4k NOK → 11.4k NOK (equity ratio 21.3% → 5.9%). Calculated
-
↓
Cash fell
Bank deposits 101.5k NOK → 52.7k NOK (-48.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 839.8k NOK → 870.6k NOK (65870% → 67335% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 54.7k NOK → 94.4k NOK (+72.5% YoY). Calculated