FirmaIQ
Org.nr 945 925 892 2019 → 2020 Year-over-year analysis

A/S Sigba Eiendom: årsregnskap 2020 vs 2019

Grew 444% on revenue, stronger earnings

approved 2021-08-20; registry 2021-12-11; journal 2021 902123

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for A/S Sigba Eiendom. Revenue 21.11m NOK → 114.79m NOK (+443.7%). Net result +5.57m NOK → +78.43m NOK. Equity 34.68m NOK → 9.10bn NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for A/S Sigba Eiendom.

At a glance

Scorecard

Revenue
21.11m NOK 114.79m NOK
+443.7%
Operating result
+11.16m NOK +104.21m NOK
+834.1%
Net result
+5.57m NOK +78.43m NOK
+1308.8%
Equity
34.68m NOK 9.10bn NOK
+26155.6%
Cash
67.31m NOK 35.63m NOK
-47.1%
Total assets
272.59m NOK 247.25m NOK
-9.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 21.11m NOK to 114.79m NOK (+443.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +11.16m NOK → +104.21m NOK (op. margin 52.8% → 90.8%). Calculated

  • ↑

    Net result improved

    Net result +5.57m NOK → +78.43m NOK (net margin 26.4% → 68.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 34.68m NOK → 9.10bn NOK (equity ratio 12.7% → 3682.3%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.63× → 3.03×. Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 67.31m NOK → 35.63m NOK (-47.1% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 3.58m NOK → 3.77m NOK (17% → 3% of revenue). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 411.9k NOK → 218.8k NOK. Reported fact