A VÅGE AS: årsregnskap 2020 vs 2019
Shrank 53% on revenue, stronger earnings
approved 2021-08-27; registry 2021-11-01; journal 2021 887986
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A VÅGE AS. Revenue 75.84m NOK → 35.81m NOK (-52.8%). Net result +52.1k NOK → +252.8k NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; operating result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A VÅGE AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +52.1k NOK → +252.8k NOK (net margin 0.1% → 0.7%). Calculated
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↑
Payroll decreased
Salary cost 11.63m NOK → 10.90m NOK (15% → 30% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 75.84m NOK to 35.81m NOK (-52.8% YoY). Calculated
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↓
Operating result weakened
Operating result +215.5k NOK → +32.0k NOK (op. margin 0.3% → 0.1%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 48.96m NOK → 18.01m NOK (-63.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 828.0k NOK → 618.3k NOK. Reported fact