A. NEGAARD AS: årsregnskap 2020 vs 2019
Grew 17% on revenue, returned to profit, fresh owner capital
approved 2021-04-30; registry 2021-05-06; journal 2021 265487
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A. NEGAARD AS. Revenue 1.33m NOK → 1.56m NOK (+17.0%). Net result -454.5k NOK → +15.2k NOK. Equity 10.11m NOK → 10.1k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: thin equity buffer; headcount (årsverk) changed. All figures are taken from the published annual accounts for A. NEGAARD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.33m NOK to 1.56m NOK (+17.0% YoY). Calculated
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Operating result improved
Operating result -486.4k NOK → +31.1k NOK (op. margin -36.5% → 2.0%). Calculated
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Turned profitable
Net result flipped from a loss of 454.5k NOK to a profit of 15.2k NOK. Calculated
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Cash rose
Bank deposits 13.4k NOK → 78.1k NOK (+482.1% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 10.2k NOK → 200.0k NOK (+189.8k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 10.11m NOK → 10.1k NOK (equity ratio 905.3% → 0.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Headcount (årsverk) changed
Reported FTEs 1 → 0.75. Reported fact