A RENHOLD OG VASK AS: årsregnskap 2020 vs 2019
Shrank 6% on revenue, weaker earnings
approved 2021-05-23; registry 2021-08-02; journal 2021 570266
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A RENHOLD OG VASK AS. Revenue 5.26m NOK → 4.95m NOK (-5.9%). Net result +620.0k NOK → +317.9k NOK. Equity 11.69m NOK → 11 NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A RENHOLD OG VASK AS.
At a glance
Scorecard
What improved
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Cash rose
Bank deposits 54.8k NOK → 1.60m NOK (+2826.1% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.67× → 8.81×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.26m NOK to 4.95m NOK (-5.9% YoY). Calculated
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Operating result weakened
Operating result +796.0k NOK → +458.1k NOK (op. margin 15.1% → 9.3%). Calculated
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Net result weakened
Net result +620.0k NOK → +317.9k NOK (net margin 11.8% → 6.4%). Calculated
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Equity eroded
Book equity 11.69m NOK → 11 NOK (equity ratio 1820.2% → 0.0%). Calculated
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COGS moved
COGS / varekostnad 66.2k NOK → 149.8k NOK (+126.3% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation