FirmaIQ
Org.nr 990 976 244 2019 → 2020 Year-over-year analysis

A&O SEAFOOD EXPORT AS: årsregnskap 2020 vs 2019

Shrank 47% on revenue, cash halved-plus

approved 2021-05-31; registry 2021-08-04; journal 2021 575158

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for A&O SEAFOOD EXPORT AS. Revenue 52.69m NOK → 27.82m NOK (-47.2%). Net result +1.75m NOK → +1.55m NOK. Equity 6.43m NOK → 5.18m NOK.

On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for A&O SEAFOOD EXPORT AS.

At a glance

Scorecard

Revenue
52.69m NOK 27.82m NOK
-47.2%
Operating result
+2.15m NOK +2.24m NOK
+4.2%
Net result
+1.75m NOK +1.55m NOK
-11.0%
Equity
6.43m NOK 5.18m NOK
-19.4%
Cash
3.08m NOK 1.41m NOK
-54.3%
Total assets
11.93m NOK 18.50m NOK
+55.0%

What improved

  • ↑

    Operating result improved

    Operating result +2.15m NOK → +2.24m NOK (op. margin 4.1% → 8.1%). Calculated

  • ↑

    Payroll decreased

    Salary cost 2.33m NOK → 1.35m NOK (4% → 5% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 52.69m NOK to 27.82m NOK (-47.2% YoY). Calculated

  • ↓

    Net result weakened

    Net result +1.75m NOK → +1.55m NOK (net margin 3.3% → 5.6%). Calculated

  • ↓

    Equity eroded

    Book equity 6.43m NOK → 5.18m NOK (equity ratio 53.9% → 28.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 3.08m NOK → 1.41m NOK (-54.3% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 46.33m NOK → 22.52m NOK (-51.4% YoY). Calculated