A. MIDTBØEN ELEKTRO AS: årsregnskap 2020 vs 2019
Shrank 26% on revenue
approved 2021-07-14; registry 2021-09-08; journal 2021 681801
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A. MIDTBØEN ELEKTRO AS. Revenue 3.03m NOK → 2.23m NOK (-26.4%). Net result +216.8k NOK → +213.6k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; cogs moved.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
3.03m NOK
2.23m NOK
-26.4%
Operating result
+276.9k NOK
+245.7k NOK
-11.3%
Net result
+216.8k NOK
+213.6k NOK
-1.5%
What improved
-
↑
Payroll decreased
Salary cost 1.35m NOK → 1.05m NOK (44% → 47% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.03m NOK to 2.23m NOK (-26.4% YoY). Calculated
-
↓
Operating result weakened
Operating result +276.9k NOK → +245.7k NOK (op. margin 9.1% → 11.0%). Calculated
-
↓
COGS moved
COGS / varekostnad 28.3k NOK → 619.9k NOK (+2091.3% YoY). Calculated