A.I VARMEPUMPER AS: årsregnskap 2020 vs 2019
Grew 10% on revenue, stronger earnings
approved 2021-01-22; registry 2021-01-26; journal 2021 109483
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A.I VARMEPUMPER AS. Revenue 7.08m NOK → 7.79m NOK (+10.0%). Net result +329.6k NOK → +395.7k NOK. Equity 958.8k NOK → 1 000 NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for A.I VARMEPUMPER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.08m NOK to 7.79m NOK (+10.0% YoY). Calculated
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↑
Net result improved
Net result +329.6k NOK → +395.7k NOK (net margin 4.7% → 5.1%). Calculated
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↑
Cash rose
Bank deposits 133.2k NOK → 343.7k NOK (+158.1% YoY). Calculated
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↑
Payroll decreased
Salary cost 3.42m NOK → 1.55m NOK (48% → 20% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 958.8k NOK → 1 000 NOK (equity ratio 52.3% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 4.44m NOK → 4.91m NOK (+10.6% YoY). Calculated