FirmaIQ
Org.nr 944 763 317 2019 → 2020 Year-over-year analysis

A/S SCAN AFRICAN: årsregnskap 2020 vs 2019

Grew 30% on revenue, slipped into loss

approved 2021-06-10; registry 2021-07-26; journal 2021 546314

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for A/S SCAN AFRICAN. Revenue 389.6k NOK → 508.4k NOK (+30.5%). Net result +3 696 NOK → -457.7k NOK. Equity 6.78m NOK → 6.33m NOK.

On the constructive side: revenue rose; operating result improved. Pressures included: fell into a net loss; equity eroded; cash fell.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for A/S SCAN AFRICAN.

At a glance

Scorecard

Revenue
389.6k NOK 508.4k NOK
+30.5%
Operating result
-583.1k NOK -416.5k NOK
+28.6%
Net result
+3 696 NOK -457.7k NOK
-12482.7%
Equity
6.78m NOK 6.33m NOK
-6.7%
Cash
3.37m NOK 2.46m NOK
-27.0%
Total assets
10.03m NOK 9.61m NOK
-4.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 389.6k NOK to 508.4k NOK (+30.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -583.1k NOK → -416.5k NOK (op. margin -149.7% → -81.9%). Calculated

What deteriorated

  • ↓

    Fell into a net loss

    Net result flipped from 3 696 NOK profit to a loss of 457.7k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 6.78m NOK → 6.33m NOK (equity ratio 67.6% → 65.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 3.37m NOK → 2.46m NOK (-27.0% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 2 NOK → 546.0k NOK (0% → 107% of revenue). Calculated