A-TEAM UTLEIE AS: årsregnskap 2020 vs 2019
Grew 9% on revenue, stronger earnings
approved 2021-05-06; registry 2021-05-18; journal 2021 294016
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A-TEAM UTLEIE AS. Revenue 892.4k NOK → 975.0k NOK (+9.3%). Net result +240.8k NOK → +289.7k NOK. Equity 731.9k NOK → 21.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for A-TEAM UTLEIE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 892.4k NOK to 975.0k NOK (+9.3% YoY). Calculated
-
↑
Operating result improved
Operating result +457.6k NOK → +512.9k NOK (op. margin 51.3% → 52.6%). Calculated
-
↑
Net result improved
Net result +240.8k NOK → +289.7k NOK (net margin 27.0% → 29.7%). Calculated
-
↑
Cash rose
Bank deposits 87.1k NOK → 1.18m NOK (+1250.9% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.23× → 7.15×. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 731.9k NOK → 21.6k NOK (equity ratio 17.0% → 0.5%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 21.9k NOK → 27.7k NOK (2% → 3% of revenue). Calculated