A SKAUG TRANSPORT AS: årsregnskap 2020 vs 2019
Grew 7% on revenue, weaker earnings, cash halved-plus
approved 2021-05-16; registry 2021-08-12; journal 2021 606137
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A SKAUG TRANSPORT AS. Revenue 18.35m NOK → 19.72m NOK (+7.4%). Net result +623.6k NOK → +349.5k NOK. Equity 7.05m NOK → 9.40m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: payroll increased; cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for A SKAUG TRANSPORT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 18.35m NOK to 19.72m NOK (+7.4% YoY). Calculated
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↑
Operating result improved
Operating result +1.03m NOK → +3.20m NOK (op. margin 5.6% → 16.2%). Calculated
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↑
Equity strengthened
Book equity 7.05m NOK → 9.40m NOK (equity ratio 39.9% → 50.9%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.68× → 1.01×. Calculated
What deteriorated
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↓
Net result weakened
Net result +623.6k NOK → +349.5k NOK (net margin 3.4% → 1.8%). Calculated
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↓
Cash fell
Bank deposits 876.8k NOK → 289.7k NOK (-67.0% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 6.48m NOK → 6.71m NOK (35% → 34% of revenue). Calculated
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COGS fell
COGS / varekostnad 711.9k NOK → 498.4k NOK (-30.0% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 8 → 11. Reported fact