A O GREVSTAD EIENDOMSDRIFT AS: årsregnskap 2020 vs 2019
Shrank 94% on revenue
approved 2021-07-14; registry 2021-08-17; journal 2021 621262
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A O GREVSTAD EIENDOMSDRIFT AS. Revenue 2.61m NOK → 152.2k NOK (-94.2%). Net result -85.6k NOK → -79.9k NOK. Equity -43.2k NOK → -123.1k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A O GREVSTAD EIENDOMSDRIFT AS.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result -85.6k NOK → -79.9k NOK (net margin -3.3% → -52.5%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.61m NOK to 152.2k NOK (-94.2% YoY). Calculated
-
↓
Operating result weakened
Operating result -85.3k NOK → -112.7k NOK (op. margin -3.3% → -74.1%). Calculated
-
↓
Equity eroded
Book equity -43.2k NOK → -123.1k NOK (equity ratio -1.9% → -15.6%). Calculated
-
↓
Cash fell
Bank deposits 147.9k NOK → 126.9k NOK (-14.2% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.82m NOK → 2.27m NOK (70% → 1489% of revenue). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -15.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 357.6k NOK → 46.9k NOK (-86.9% YoY). Calculated