A TITLESTAD AS: årsregnskap 2020 vs 2019
Shrank 8% on revenue, weaker earnings
approved 2021-02-02; registry 2021-02-23; journal 2021 122757
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A TITLESTAD AS. Revenue 5.64m NOK → 5.18m NOK (-8.2%). Net result +474.2k NOK → +306.5k NOK. Equity 1.01m NOK → 118.1k NOK.
On the constructive side: cash rose. 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 TITLESTAD AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 85.4k NOK → 1.15m NOK (+1251.1% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.64m NOK to 5.18m NOK (-8.2% YoY). Calculated
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↓
Operating result weakened
Operating result +607.1k NOK → +388.4k NOK (op. margin 10.8% → 7.5%). Calculated
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↓
Net result weakened
Net result +474.2k NOK → +306.5k NOK (net margin 8.4% → 5.9%). Calculated
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↓
Equity eroded
Book equity 1.01m NOK → 118.1k NOK (equity ratio 39.5% → 5.9%). Calculated
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↓
Payroll up without matching revenue
Salary cost 6 NOK → 2.09m NOK (0% → 40% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 2.22m NOK → 2.03m NOK (-8.3% YoY). Calculated