A NIELSEN TRAFIKKSKOLE AS: årsregnskap 2020 vs 2019
Shrank 13% on revenue, returned to profit
approved 2021-05-06; registry 2021-05-25; journal 2021 314277
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A NIELSEN TRAFIKKSKOLE AS. Revenue 2.61m NOK → 2.27m NOK (-13.1%). Net result -148.2k NOK → +23.9k NOK. Equity 186.7k NOK → 210.7k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A NIELSEN TRAFIKKSKOLE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -131.7k NOK → +32.8k NOK (op. margin -5.0% → 1.4%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 148.2k NOK to a profit of 23.9k NOK. Calculated
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↑
Equity strengthened
Book equity 186.7k NOK → 210.7k NOK (equity ratio 21.0% → 41.9%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.87× → 1.49×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.61m NOK to 2.27m NOK (-13.1% YoY). Calculated
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↓
Cash fell
Bank deposits 353.8k NOK → 267.4k NOK (-24.4% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.05m NOK → 1.89m NOK (40% → 83% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 846.7k NOK → 646.5k NOK (-23.6% YoY). Calculated