A/S Magnus Bergsgate 6: årsregnskap 2020 vs 2019
Grew 6% on revenue, slipped into loss
registry 2021-09-04; journal 2021 672774
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A/S Magnus Bergsgate 6. Revenue 890.1k NOK → 942.2k NOK (+5.9%). Net result +2 105 NOK → -99.3k NOK. Equity -397.8k NOK → -497.2k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S Magnus Bergsgate 6.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 890.1k NOK to 942.2k NOK (+5.9% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +12.7k NOK → -87.0k NOK (op. margin 1.4% → -9.2%). Calculated
-
↓
Fell into a net loss
Net result flipped from 2 105 NOK profit to a loss of 99.3k NOK. Calculated
-
↓
Equity eroded
Book equity -397.8k NOK → -497.2k NOK (equity ratio -92.9% → -128.3%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -128.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation