A/S Rep-Rek: årsregnskap 2020 vs 2019
Shrank 14% on revenue, slipped into loss
registry 2021-06-17; journal 2021 337863
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A/S Rep-Rek. Revenue 8.83m NOK → 7.63m NOK (-13.6%). Net result +10 NOK → -235.4k NOK. Equity 10.48m NOK → 247.1k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A/S Rep-Rek.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -458.7k NOK → -254.4k NOK (op. margin -5.2% → -3.3%). Calculated
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↑
Payroll decreased
Salary cost 3.91m NOK → 2.91m NOK (44% → 38% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.83m NOK to 7.63m NOK (-13.6% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 10 NOK profit to a loss of 235.4k NOK. Calculated
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↓
Equity eroded
Book equity 10.48m NOK → 247.1k NOK (equity ratio 402.4% → 12.2%). Calculated
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↓
Cash fell
Bank deposits 695.5k NOK → 645.8k NOK (-7.1% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.20m NOK → 1.93m NOK (-12.3% YoY). Calculated