A. ØYSTESE TRANSPORT AS: årsregnskap 2020 vs 2019
Shrank 7% on revenue, slipped into loss
approved 2021-05-31; registry 2021-06-10; journal 2021 407574
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A. ØYSTESE TRANSPORT AS. Revenue 2.50m NOK → 2.33m NOK (-6.9%). Net result +151.2k NOK → -42.4k NOK. Equity 458.7k NOK → 416.4k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A. ØYSTESE TRANSPORT AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -188.8k NOK → -53.3k NOK (op. margin -7.5% → -2.3%). Calculated
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Payroll decreased
Salary cost 809.9k NOK → 786.6k NOK (32% → 34% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.50m NOK to 2.33m NOK (-6.9% YoY). Calculated
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Fell into a net loss
Net result flipped from 151.2k NOK profit to a loss of 42.4k NOK. Calculated
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Equity eroded
Book equity 458.7k NOK → 416.4k NOK. Calculated
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Cash fell
Bank deposits 302.5k NOK → 297.3k NOK (-1.7% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 140.0k NOK → 9 648 NOK (-93.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 169.2k NOK → 127.2k NOK. Reported fact