A O GREVSTAD EIENDOM AS: årsregnskap 2020 vs 2019
Grew 8% on revenue, stronger earnings, cash halved-plus
approved 2021-06-22; registry 2021-08-23; journal 2021 637048
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A O GREVSTAD EIENDOM AS. Revenue 21.53m NOK → 23.17m NOK (+7.6%). Net result +10.43m NOK → +49.68m NOK. Equity 21.48m NOK → 68.02m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; payroll increased; book investments changed. All figures are taken from the published annual accounts for A O GREVSTAD EIENDOM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 21.53m NOK to 23.17m NOK (+7.6% YoY). Calculated
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Net result improved
Net result +10.43m NOK → +49.68m NOK (net margin 48.4% → 214.4%). Calculated
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Equity strengthened
Book equity 21.48m NOK → 68.02m NOK (equity ratio 10.4% → 23.9%). Calculated
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Owners injected capital
Paid-in equity rose 337.6k NOK → 357.6k NOK (+20.0k NOK). Reported fact
What deteriorated
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Operating result weakened
Operating result +4.75m NOK → +185.4k NOK (op. margin 22.1% → 0.8%). Calculated
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Cash fell
Bank deposits 11.74m NOK → 3.34m NOK (-71.6% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.17× → 0.87× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (11.74m NOK → 3.34m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 3.05m NOK → 3.50m NOK (14% → 15% of revenue). Calculated
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Book investments changed
Investment / intangible book value 10 NOK → 10.5k NOK. Reported fact