FirmaIQ
Org.nr 947 038 400 2019 → 2020 Year-over-year analysis

A/S SørMek: årsregnskap 2020 vs 2019

Stronger earnings, cash halved-plus

approved 2021-02-12; registry 2021-06-08; journal 2021 265181

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for A/S SørMek. Revenue 37.44m NOK → 36.39m NOK (-2.8%). Net result +2.55m NOK → +3.25m NOK. Equity 8.30m NOK → 11.55m NOK.

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

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for A/S SørMek.

At a glance

Scorecard

Revenue
37.44m NOK 36.39m NOK
-2.8%
Operating result
+3.37m NOK +4.35m NOK
+29.1%
Net result
+2.55m NOK +3.25m NOK
+27.2%
Equity
8.30m NOK 11.55m NOK
+39.1%
Cash
4.01m NOK 1.15m NOK
-71.3%
Total assets
22.75m NOK 21.71m NOK
-4.6%

What improved

  • ↑

    Operating result improved

    Operating result +3.37m NOK → +4.35m NOK (op. margin 9.0% → 11.9%). Calculated

  • ↑

    Net result improved

    Net result +2.55m NOK → +3.25m NOK (net margin 6.8% → 8.9%). Calculated

  • ↑

    Equity strengthened

    Book equity 8.30m NOK → 11.55m NOK (equity ratio 36.5% → 53.2%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 37.44m NOK to 36.39m NOK (-2.8% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 4.01m NOK → 1.15m NOK (-71.3% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (4.01m NOK → 1.15m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 121.5k NOK → 145.3k NOK. Reported fact