A SUPPORT VESTFOLD AS: årsregnskap 2020 vs 2019
Shrank 24% on revenue, weaker earnings
approved 2021-04-25; registry 2021-05-19; journal 2021 236747
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A SUPPORT VESTFOLD AS. Revenue 586.5k NOK → 444.7k NOK (-24.2%). Net result +35.7k NOK → +4 752 NOK. Equity 211.5k NOK → 216.2k NOK.
On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A SUPPORT VESTFOLD AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +2 019 NOK → +2 823 NOK (op. margin 0.3% → 0.6%). Calculated
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↑
Equity strengthened
Book equity 211.5k NOK → 216.2k NOK (equity ratio 53.2% → 58.4%). Calculated
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↑
Cash rose
Bank deposits 243.8k NOK → 314.8k NOK (+29.1% YoY). Calculated
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↑
Payroll decreased
Salary cost 265.3k NOK → 238.5k NOK (45% → 54% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 586.5k NOK to 444.7k NOK (-24.2% YoY). Calculated
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↓
Net result weakened
Net result +35.7k NOK → +4 752 NOK (net margin 6.1% → 1.1%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 3.12m NOK → 32.0k NOK (-99.0% YoY). Calculated