A JØRGENSEN AS: årsregnskap 2020 vs 2019
Shrank 14% on revenue, weaker earnings
approved 2021-07-23; registry 2021-08-09; journal 2021 591940
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A JØRGENSEN AS. Revenue 541.8k NOK → 467.3k NOK (-13.7%). Net result +61.9k NOK → +4 832 NOK. Equity 436.1k NOK → 440.9k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A JØRGENSEN AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 436.1k NOK → 440.9k NOK (equity ratio 77.4% → 84.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 541.8k NOK to 467.3k NOK (-13.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +79.2k NOK → +6 290 NOK (op. margin 14.6% → 1.3%). Calculated
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↓
Net result weakened
Net result +61.9k NOK → +4 832 NOK (net margin 11.4% → 1.0%). Calculated
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↓
Cash fell
Bank deposits 138.7k NOK → 106.3k NOK (-23.4% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 383.0k NOK → 388.4k NOK (71% → 83% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 375.0k NOK → 25.0k NOK. Reported fact