A-PLAST AS: årsregnskap 2020 vs 2019
Grew 8% on revenue, returned to profit
approved 2021-06-30; registry 2021-08-07; journal 2021 586957
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A-PLAST AS. Revenue 11.93m NOK → 12.85m NOK (+7.7%). Net result -398.6k NOK → +880.2k NOK. Equity 511.8k NOK → 392.0k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for A-PLAST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 11.93m NOK to 12.85m NOK (+7.7% YoY). Calculated
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↑
Operating result improved
Operating result -293.8k NOK → +33.0k NOK (op. margin -2.5% → 0.3%). Calculated
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Turned profitable
Net result flipped from a loss of 398.6k NOK to a profit of 880.2k NOK. Calculated
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↑
Cash rose
Bank deposits 98.3k NOK → 100.8k NOK (+2.6% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.93× → 1.42×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 511.8k NOK → 392.0k NOK (equity ratio 13.6% → 9.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 5.69m NOK → 5.84m NOK (+2.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 181.0k NOK. Reported fact