A. OLUFSEN SHIP & OFFSHORE AS: årsregnskap 2020 vs 2019
Shrank 17% on revenue, weaker earnings
approved 2021-08-19; registry 2021-10-18; journal 2021 832052
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A. OLUFSEN SHIP & OFFSHORE AS. Revenue 56.13m NOK → 46.79m NOK (-16.6%). Net result -578.4k NOK → -3.63m NOK. Equity 4.18m NOK → 3.28m NOK.
On the constructive side: cash rose; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A. OLUFSEN SHIP & OFFSHORE AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 1.48m NOK → 2.36m NOK (+59.9% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 16.74m NOK → 19.47m NOK (+2.73m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 56.13m NOK to 46.79m NOK (-16.6% YoY). Calculated
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↓
Operating result weakened
Operating result -554.2k NOK → -3.58m NOK (op. margin -1.0% → -7.6%). Calculated
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↓
Net result weakened
Net result -578.4k NOK → -3.63m NOK (net margin -1.0% → -7.8%). Calculated
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↓
Equity eroded
Book equity 4.18m NOK → 3.28m NOK (equity ratio 33.2% → 18.8%). Calculated
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↓
Payroll up without matching revenue
Salary cost 25.60m NOK → 28.48m NOK (46% → 61% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 20.47m NOK → 13.12m NOK (-35.9% YoY). Calculated