A. SÆTHER COMPAGNIET EIENDOM AS: årsregnskap 2020 vs 2019
Grew 48% on revenue, weaker earnings
approved 2021-06-08; registry 2021-06-29; journal 2021 410670
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A. SÆTHER COMPAGNIET EIENDOM AS. Revenue 637.8k NOK → 946.2k NOK (+48.4%). Net result -81.1k NOK → -167.7k NOK. Equity 2.14m NOK → 1.97m NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A. SÆTHER COMPAGNIET EIENDOM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 637.8k NOK to 946.2k NOK (+48.4% YoY). Calculated
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Operating result improved
Operating result +138.0k NOK → +380.1k NOK (op. margin 21.6% → 40.2%). Calculated
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Cash rose
Bank deposits 359.6k NOK → 523.8k NOK (+45.7% YoY). Calculated
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Payroll decreased
Salary cost 60.0k NOK → 29.0k NOK (9% → 3% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result -81.1k NOK → -167.7k NOK (net margin -12.7% → -17.7%). Calculated
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Equity eroded
Book equity 2.14m NOK → 1.97m NOK (equity ratio 14.8% → 7.6%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 7.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation