A. LANGSETH HOLDING AS: årsregnskap 2020 vs 2019
Grew 36979% on revenue, weaker earnings, cash halved-plus
approved 2021-05-19; registry 2021-05-25; journal 2021 313555
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A. LANGSETH HOLDING AS. Revenue 131 NOK → 48.6k NOK (+36978.6%). Net result +1.04m NOK → +7 284 NOK. Equity 314.1k NOK → 1.35m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A. LANGSETH HOLDING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 131 NOK to 48.6k NOK (+36978.6% YoY). Calculated
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Operating result improved
Operating result -24.2k NOK → -1 063 NOK (op. margin -18494.7% → -2.2%). Calculated
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Equity strengthened
Book equity 314.1k NOK → 1.35m NOK (equity ratio 59.6% → 74.7%). Calculated
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Current ratio back above 1×
Current ratio 0.49× → 258.08×. Calculated
What deteriorated
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↓
Net result weakened
Net result +1.04m NOK → +7 284 NOK (net margin 795980.2% → 15.0%). Calculated
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↓
Cash fell
Bank deposits 222.9k NOK → 5 452 NOK (-97.6% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 410.4k NOK → 728.8k NOK. Reported fact