A-T-O AS: årsregnskap 2020 vs 2019
Shrank 86% on revenue, weaker earnings
approved 2021-08-31; registry 2021-09-06; journal 2021 723274
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A-T-O AS. Revenue 505.3k NOK → 71.1k NOK (-85.9%). Net result -47.7k NOK → -74.2k NOK. Equity -52.7k NOK → -126.9k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A-T-O AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 51.5k NOK → 6 113 NOK (10% → 9% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 505.3k NOK to 71.1k NOK (-85.9% YoY). Calculated
-
↓
Operating result weakened
Operating result -47.8k NOK → -104.5k NOK (op. margin -9.5% → -147.1%). Calculated
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↓
Net result weakened
Net result -47.7k NOK → -74.2k NOK (net margin -9.4% → -104.3%). Calculated
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↓
Equity eroded
Book equity -52.7k NOK → -126.9k NOK (equity ratio -12.9% → -36.4%). Calculated
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↓
Cash fell
Bank deposits 48.2k NOK → 25.4k NOK (-47.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -36.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 265.2k NOK → 57.9k NOK (-78.1% YoY). Calculated