A. RANDEN TRANSPORT AS: årsregnskap 2020 vs 2019
Grew 495% on revenue, slipped into loss
approved 2021-04-19; registry 2021-08-18; journal 2021 643193
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A. RANDEN TRANSPORT AS. Revenue 958.4k NOK → 5.71m NOK (+495.4%). Net result +207.2k NOK → -561.1k NOK. Equity 392.5k NOK → -168.6k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A. RANDEN TRANSPORT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 958.4k NOK to 5.71m NOK (+495.4% YoY). Calculated
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Cash rose
Bank deposits 30.2k NOK → 63.1k NOK (+108.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +233.7k NOK → -431.8k NOK (op. margin 24.4% → -7.6%). Calculated
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Fell into a net loss
Net result flipped from 207.2k NOK profit to a loss of 561.1k NOK. Calculated
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↓
Equity eroded
Book equity 392.5k NOK → -168.6k NOK (equity ratio 15.2% → -4.4%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 10.01× → 0.46× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -4.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1.38m NOK → 1.45m NOK (144% → 25% of revenue). Calculated
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COGS moved
COGS / varekostnad 185.1k NOK → 313.5k NOK (+69.4% YoY). Calculated