A. KVALSUND AS: årsregnskap 2020 vs 2019
Grew 41% on revenue, returned to profit
approved 2021-04-16; registry 2021-07-15; journal 2021 571070
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A. KVALSUND AS. Revenue 1.57m NOK → 2.20m NOK (+40.6%). Net result -390.9k NOK → +176.2k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for A. KVALSUND AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.57m NOK to 2.20m NOK (+40.6% YoY). Calculated
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↑
Operating result improved
Operating result -373.0k NOK → +192.6k NOK (op. margin -23.8% → 8.7%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 390.9k NOK to a profit of 176.2k NOK. Calculated
Things to notice
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COGS moved
COGS / varekostnad 73.1k NOK → 368.1k NOK (+403.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 47.1k NOK → 27.0k NOK. Reported fact