FirmaIQ
Org.nr 933 773 361 2019 → 2020 Year-over-year analysis

A/S GRIMSTADGATEN 23: årsregnskap 2020 vs 2019

Another loss-making year

approved 2021-05-06; registry 2021-10-21; journal 2021 842572

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for A/S GRIMSTADGATEN 23. Revenue 3.30m NOK → 3.20m NOK (-2.9%). Net result -193.9k NOK → -222.0k NOK. Equity 5.74m NOK → 5.52m NOK.

Pressures included: revenue fell; operating result weakened; net result weakened.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
3.30m NOK 3.20m NOK
-2.9%
Operating result
+271.7k NOK +177.0k NOK
-34.9%
Net result
-193.9k NOK -222.0k NOK
-14.5%
Equity
5.74m NOK 5.52m NOK
-3.9%
Cash
2.36m NOK 1.94m NOK
-17.7%
Total assets
23.67m NOK 23.22m NOK
-1.9%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.30m NOK to 3.20m NOK (-2.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +271.7k NOK → +177.0k NOK (op. margin 8.2% → 5.5%). Calculated

  • ↓

    Net result weakened

    Net result -193.9k NOK → -222.0k NOK (net margin -5.9% → -6.9%). Calculated

  • ↓

    Equity eroded

    Book equity 5.74m NOK → 5.52m NOK (equity ratio 24.3% → 23.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.36m NOK → 1.94m NOK (-17.7% YoY). Calculated