A. SPORT AS: årsregnskap 2020 vs 2019
Shrank 10% on revenue, stronger earnings
approved 2021-08-26; registry 2021-09-29; journal 2021 825712
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A. SPORT AS. Revenue 4.10m NOK → 3.69m NOK (-10.2%). Net result -463.5k NOK → -181.2k NOK. Equity 597.5k NOK → 416.3k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A. SPORT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -593.5k NOK → -230.9k NOK (op. margin -14.5% → -6.3%). Calculated
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Net result improved
Net result -463.5k NOK → -181.2k NOK (net margin -11.3% → -4.9%). Calculated
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Payroll decreased
Salary cost 801.0k NOK → 499.8k NOK (20% → 14% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.10m NOK to 3.69m NOK (-10.2% YoY). Calculated
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↓
Equity eroded
Book equity 597.5k NOK → 416.3k NOK (equity ratio 34.9% → 22.3%). Calculated
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↓
Cash fell
Bank deposits 110.8k NOK → 95.7k NOK (-13.7% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 3.14m NOK → 3.01m NOK (-3.9% YoY). Calculated