FirmaIQ
Org.nr 890 002 552 2019 → 2020 Year-over-year analysis

A. THORESEN SERVICEVERKSTED AS: årsregnskap 2020 vs 2019

Grew 40% on revenue, stronger earnings

approved 2021-05-08; registry 2021-06-12; journal 2021 287868

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for A. THORESEN SERVICEVERKSTED AS. Revenue 27.44m NOK → 38.51m NOK (+40.3%). Net result +1.92m NOK → +3.22m NOK. Equity 9.68m NOK → 11.68m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A. THORESEN SERVICEVERKSTED AS.

At a glance

Scorecard

Revenue
27.44m NOK 38.51m NOK
+40.3%
Operating result
+2.28m NOK +4.06m NOK
+77.9%
Net result
+1.92m NOK +3.22m NOK
+67.2%
Equity
9.68m NOK 11.68m NOK
+20.7%
Cash
6.04m NOK 9.70m NOK
+60.6%
Total assets
21.02m NOK 23.16m NOK
+10.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 27.44m NOK to 38.51m NOK (+40.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +2.28m NOK → +4.06m NOK (op. margin 8.3% → 10.5%). Calculated

  • ↑

    Net result improved

    Net result +1.92m NOK → +3.22m NOK (net margin 7.0% → 8.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 9.68m NOK → 11.68m NOK (equity ratio 46.0% → 50.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 6.04m NOK → 9.70m NOK (+60.6% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 2.15m NOK → 2.20m NOK (8% → 6% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 21.40m NOK → 30.64m NOK (+43.2% YoY). Calculated