FirmaIQ
Org.nr 833 451 022 2019 → 2020 Year-over-year analysis

A/S Stortorvet 5: årsregnskap 2020 vs 2019

Grew 6% on revenue, weaker earnings

approved 2021-03-11; registry 2021-05-06; journal 2021 267775

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for A/S Stortorvet 5. Revenue 2.95m NOK → 3.14m NOK (+6.4%). Net result +940.6k NOK → +649.2k NOK. Equity 3.06m NOK → 3.41m NOK.

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

Also worth watching: payroll increased. All figures are taken from the published annual accounts for A/S Stortorvet 5.

At a glance

Scorecard

Revenue
2.95m NOK 3.14m NOK
+6.4%
Operating result
+1.26m NOK +2.16m NOK
+71.5%
Net result
+940.6k NOK +649.2k NOK
-31.0%
Equity
3.06m NOK 3.41m NOK
+11.4%
Cash
3.55m NOK 4.13m NOK
+16.4%
Total assets
5.56m NOK 6.10m NOK
+9.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.95m NOK to 3.14m NOK (+6.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.26m NOK → +2.16m NOK (op. margin 42.6% → 68.7%). Calculated

  • ↑

    Equity strengthened

    Book equity 3.06m NOK → 3.41m NOK (equity ratio 55.0% → 55.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 3.55m NOK → 4.13m NOK (+16.4% YoY). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +940.6k NOK → +649.2k NOK (net margin 31.9% → 20.7%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1 NOK → 61.1k NOK (0% → 2% of revenue). Calculated