A.N.F TRADING INTERNATIONAL AS: årsregnskap 2020 vs 2019
Shrank 12% on revenue, weaker earnings, cash halved-plus
registry 2021-09-11; journal 2021 701441
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A.N.F TRADING INTERNATIONAL AS. Revenue 9.34m NOK → 8.23m NOK (-11.9%). Net result +500.1k NOK → +298.2k NOK. Equity 1.05bn NOK → 1.35m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A.N.F TRADING INTERNATIONAL AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.34m NOK to 8.23m NOK (-11.9% YoY). Calculated
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↓
Operating result weakened
Operating result +614.3k NOK → +387.1k NOK (op. margin 6.6% → 4.7%). Calculated
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↓
Net result weakened
Net result +500.1k NOK → +298.2k NOK (net margin 5.4% → 3.6%). Calculated
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↓
Equity eroded
Book equity 1.05bn NOK → 1.35m NOK (equity ratio 32830.8% → 64.4%). Calculated
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↓
Cash fell
Bank deposits 358.7k NOK → 55.6k NOK (-84.5% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 5.86m NOK → 4.36m NOK (-25.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 108.0k NOK → 243.8k NOK. Reported fact