A. M. PETTERSEN EIENDOM AS: årsregnskap 2020 vs 2019
Grew 14% on revenue, stronger earnings, cash halved-plus
approved 2021-03-24; registry 2021-04-24; journal 2021 221282
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A. M. PETTERSEN EIENDOM AS. Revenue 347.7k NOK → 395.5k NOK (+13.8%). Net result +76.2k NOK → +2.10m NOK. Equity 4.03m NOK → 4.08m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for A. M. PETTERSEN EIENDOM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 347.7k NOK to 395.5k NOK (+13.8% YoY). Calculated
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Operating result improved
Operating result +80.5k NOK → +120.0k NOK (op. margin 23.2% → 30.3%). Calculated
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Net result improved
Net result +76.2k NOK → +2.10m NOK (net margin 21.9% → 531.4%). Calculated
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Equity strengthened
Book equity 4.03m NOK → 4.08m NOK (equity ratio 79.8% → 35.6%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 155.7k NOK → 10.7k NOK (-93.1% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 71.8k NOK → 96.6k NOK (21% → 24% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 201.3k NOK → 204.1k NOK. Reported fact