A P SUNDLI & CO AS: årsregnskap 2020 vs 2019
Shrank 68% on revenue, weaker earnings, cash halved-plus
approved 2021-03-03; registry 2021-06-28; journal 2021 406085
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A P SUNDLI & CO AS. Revenue 154.1k NOK → 50.0k NOK (-67.6%). Net result -74.3k NOK → -126.6k NOK. Equity 817.1k NOK → 690.5k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for A P SUNDLI & CO AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 154.1k NOK to 50.0k NOK (-67.6% YoY). Calculated
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Operating result weakened
Operating result -93.0k NOK → -139.9k NOK (op. margin -60.3% → -280.0%). Calculated
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Net result weakened
Net result -74.3k NOK → -126.6k NOK (net margin -48.2% → -253.4%). Calculated
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Equity eroded
Book equity 817.1k NOK → 690.5k NOK (equity ratio 10.6% → 64.9%). Calculated
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Cash fell
Bank deposits 7.74m NOK → 1.06m NOK (-86.3% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (7.74m NOK → 1.06m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation