FirmaIQ
Org.nr 976 160 622 2019 → 2020 Year-over-year analysis

A OLSEN & SØNN AS: årsregnskap 2020 vs 2019

Grew 38% on revenue, stronger earnings, cash halved-plus

approved 2021-08-16; registry 2021-09-18; journal 2021 768222

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for A OLSEN & SØNN AS. Revenue 3.25m NOK → 4.48m NOK (+37.9%). Net result +91.6k NOK → +997.7k NOK. Equity 1.53m NOK → 1.93m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A OLSEN & SØNN AS.

At a glance

Scorecard

Revenue
3.25m NOK 4.48m NOK
+37.9%
Operating result
+183.0k NOK +358.1k NOK
+95.7%
Net result
+91.6k NOK +997.7k NOK
+989.2%
Equity
1.53m NOK 1.93m NOK
+26.0%
Cash
975.1k NOK 77.7k NOK
-92.0%
Total assets
6.36m NOK 5.06m NOK
-20.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3.25m NOK to 4.48m NOK (+37.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +183.0k NOK → +358.1k NOK (op. margin 5.6% → 8.0%). Calculated

  • ↑

    Net result improved

    Net result +91.6k NOK → +997.7k NOK (net margin 2.8% → 22.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.53m NOK → 1.93m NOK (equity ratio 24.0% → 38.1%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 975.1k NOK → 77.7k NOK (-92.0% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1.46m NOK → 1.47m NOK (45% → 33% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 3 000 NOK → 8 540 NOK (+184.7% YoY). Calculated