A/S Hørtefossen: årsregnskap 2020 vs 2019
Grew 9% on revenue
approved 2021-03-25; registry 2021-04-03; journal 2021 178062
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A/S Hørtefossen. Revenue 7.82m NOK → 8.53m NOK (+9.0%). Equity 7.90m NOK → 9.23m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for A/S Hørtefossen.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.82m NOK to 8.53m NOK (+9.0% YoY). Calculated
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↑
Equity strengthened
Book equity 7.90m NOK → 9.23m NOK (equity ratio 76.0% → 82.4%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 2.94m NOK → 2.47m NOK (-15.9% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.74m NOK → 3.04m NOK (35% → 36% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2.19m NOK → 2.41m NOK (+10.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 4.57m NOK → 5.67m NOK. Reported fact