A.K. SNEKRING AS: årsregnskap 2020 vs 2019
Shrank 47% on revenue, slipped into loss
approved 2021-05-31; registry 2021-06-02; journal 2021 378322
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A.K. SNEKRING AS. Revenue 4.45m NOK → 2.38m NOK (-46.5%). Net result +360.8k NOK → -48.3k NOK. Equity 553.3k NOK → 504.9k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.29m NOK → 1.07m NOK (52% → 45% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.45m NOK to 2.38m NOK (-46.5% YoY). Calculated
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↓
Operating result weakened
Operating result +449.7k NOK → -58.5k NOK (op. margin 10.1% → -2.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 360.8k NOK profit to a loss of 48.3k NOK. Calculated
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↓
Equity eroded
Book equity 553.3k NOK → 504.9k NOK (equity ratio 63.9% → 68.1%). Calculated
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↓
Cash fell
Bank deposits 562.8k NOK → 383.8k NOK (-31.8% YoY). Calculated