A'VERA AS: årsregnskap 2020 vs 2019
Shrank 13% on revenue, returned to profit
approved 2021-01-18; registry 2021-01-20; journal 2021 107835
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A'VERA AS. Revenue 7.33m NOK → 6.40m NOK (-12.7%). Net result -580.1k NOK → +707.4k NOK. Equity -1.03m NOK → -319.8k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A'VERA AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -579.6k NOK → +707.2k NOK (op. margin -7.9% → 11.0%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 580.1k NOK to a profit of 707.4k NOK. Calculated
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↑
Equity strengthened
Book equity -1.03m NOK → -319.8k NOK (equity ratio -140.4% → -47.3%). Calculated
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↑
Cash rose
Bank deposits 343.5k NOK → 471.7k NOK (+37.3% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.94m NOK → 583.3k NOK (40% → 9% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.33m NOK to 6.40m NOK (-12.7% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 5.46m NOK → 4.36m NOK (-20.1% YoY). Calculated