A.S. MONTASJE AS: årsregnskap 2020 vs 2019
Shrank 35% on revenue, stronger earnings
registry 2021-11-01; journal 2021 891453
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A.S. MONTASJE AS. Revenue 22.26m NOK → 14.56m NOK (-34.6%). Net result -317.8k NOK → -15.5k NOK. Equity 675.3k NOK → 659.8k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A.S. MONTASJE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -321.9k NOK → +100.4k NOK (op. margin -1.4% → 0.7%). Calculated
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Net result improved
Net result -317.8k NOK → -15.5k NOK (net margin -1.4% → -0.1%). Calculated
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Cash rose
Bank deposits 241.2k NOK → 432.3k NOK (+79.3% YoY). Calculated
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Current ratio back above 1×
Current ratio 1.00× → 1.00×. Calculated
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Payroll decreased
Salary cost 7.90m NOK → 5.40m NOK (35% → 37% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 22.26m NOK to 14.56m NOK (-34.6% YoY). Calculated
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Equity eroded
Book equity 675.3k NOK → 659.8k NOK (equity ratio 12.3% → 13.2%). Calculated
Things to notice
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COGS fell
COGS / varekostnad 11.91m NOK → 5.06m NOK (-57.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 96.7k NOK → 76.0k NOK. Reported fact