A. ØRSTAVIK AS: årsregnskap 2020 vs 2019
Grew 66% on revenue, slipped into loss, cash halved-plus
approved 2021-02-17; registry 2021-02-20; journal 2021 119431
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A. ØRSTAVIK AS. Revenue 370.6k NOK → 615.9k NOK (+66.2%). Net result +137.4k NOK → -16.2k NOK. Equity 153.8k NOK → 137.6k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A. ØRSTAVIK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 370.6k NOK to 615.9k NOK (+66.2% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.12× → 1.23×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +141.0k NOK → -9 566 NOK (op. margin 38.0% → -1.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 137.4k NOK profit to a loss of 16.2k NOK. Calculated
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↓
Equity eroded
Book equity 153.8k NOK → 137.6k NOK (equity ratio 16.9% → 20.0%). Calculated
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↓
Cash fell
Bank deposits 89.0k NOK → 12.7k NOK (-85.8% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.11m NOK → 535.6k NOK (-51.9% YoY). Calculated