A-VARER AS: årsregnskap 2020 vs 2019
Shrank 59% on revenue, slipped into loss
approved 2021-03-30; registry 2021-07-13; journal 2021 564603
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A-VARER AS. Revenue 1.62m NOK → 669.9k NOK (-58.7%). Net result +59.6k NOK → -41.8k NOK. Equity 385.0k NOK → 343.2k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 315.7k NOK → 73.6k NOK (19% → 11% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.62m NOK to 669.9k NOK (-58.7% YoY). Calculated
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↓
Operating result weakened
Operating result +58.6k NOK → -42.7k NOK (op. margin 3.6% → -6.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 59.6k NOK profit to a loss of 41.8k NOK. Calculated
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↓
Equity eroded
Book equity 385.0k NOK → 343.2k NOK (equity ratio 44.4% → 45.8%). Calculated
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↓
Cash fell
Bank deposits 275.0k NOK → 166.3k NOK (-39.5% YoY). Calculated