A.M.WORLD MUSIC & THAI FRUITS AS: årsregnskap 2020 vs 2019
Grew 81% on revenue, stronger earnings
approved 2021-07-08; registry 2021-07-19; journal 2021 579968
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A.M.WORLD MUSIC & THAI FRUITS AS. Revenue 1.44m NOK → 2.61m NOK (+81.5%). Net result -350.3k NOK → -206.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A.M.WORLD MUSIC & THAI FRUITS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.44m NOK to 2.61m NOK (+81.5% YoY). Calculated
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Operating result improved
Operating result -348.5k NOK → -200.1k NOK (op. margin -24.2% → -7.7%). Calculated
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Net result improved
Net result -350.3k NOK → -206.8k NOK (net margin -24.3% → -7.9%). Calculated
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Cash rose
Bank deposits 25.1k NOK → 49.7k NOK (+98.3% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 1 227 NOK → 48.4k NOK (0% → 2% of revenue). Calculated
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COGS moved
COGS / varekostnad 126.5k NOK → 350.2k NOK (+176.9% YoY). Calculated