A/S KATRO: årsregnskap 2020 vs 2019
Grew 14% on revenue, stronger earnings
approved 2021-01-03; registry 2021-03-23; journal 2021 163856
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A/S KATRO. Revenue 778.9k NOK → 887.5k NOK (+13.9%). Net result +27.6k NOK → +52.8k NOK. Equity 895.7k NOK → 948.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for A/S KATRO.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 778.9k NOK to 887.5k NOK (+13.9% YoY). Calculated
-
↑
Operating result improved
Operating result +29.1k NOK → +61.5k NOK (op. margin 3.7% → 6.9%). Calculated
-
↑
Net result improved
Net result +27.6k NOK → +52.8k NOK (net margin 3.5% → 6.0%). Calculated
-
↑
Equity strengthened
Book equity 895.7k NOK → 948.5k NOK (equity ratio 91.2% → 1008.1%). Calculated
-
↑
Cash rose
Bank deposits 885.9k NOK → 887.7k NOK (+0.2% YoY). Calculated
What deteriorated
-
↓
Current ratio dropped below 1×
Current ratio 11.30× → 0.63× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Payroll increased
Salary cost 375.2k NOK → 466.7k NOK (48% → 53% of revenue). Calculated