A SVELA MASKIN AS: årsregnskap 2020 vs 2019
Returned to profit
approved 2021-04-27; registry 2021-05-31; journal 2021 245501
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A SVELA MASKIN AS. Revenue 7.71m NOK → 7.51m NOK (-2.6%). Net result -108.3k NOK → +182.3k NOK. Equity 740.5k NOK → 922.8k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A SVELA MASKIN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -135.3k NOK → +243.6k NOK (op. margin -1.8% → 3.2%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 108.3k NOK to a profit of 182.3k NOK. Calculated
-
↑
Equity strengthened
Book equity 740.5k NOK → 922.8k NOK (equity ratio 47.3% → 49.4%). Calculated
-
↑
Cash rose
Bank deposits 49.7k NOK → 422.0k NOK (+749.3% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.58m NOK → 1.40m NOK (21% → 19% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 7.71m NOK to 7.51m NOK (-2.6% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.37× → 0.33× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 3.32m NOK → 2.92m NOK (-11.9% YoY). Calculated