A VISNES TRANSPORT AS: årsregnskap 2020 vs 2019
Grew 7% on revenue, returned to profit, cash halved-plus
approved 2021-09-19; registry 2021-10-06; journal 2021 778523
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A VISNES TRANSPORT AS. Revenue 25.48m NOK → 27.28m NOK (+7.1%). Net result -720.6k NOK → +994.4k NOK. Equity 353.2k NOK → 347.6k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for A VISNES TRANSPORT AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 25.48m NOK to 27.28m NOK (+7.1% YoY). Calculated
-
↑
Operating result improved
Operating result -918.0k NOK → +560.1k NOK (op. margin -3.6% → 2.1%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 720.6k NOK to a profit of 994.4k NOK. Calculated
-
↑
Current ratio back above 1×
Current ratio 0.89× → 1.63×. Calculated
-
↑
Payroll decreased
Salary cost 8.12m NOK → 7.81m NOK (32% → 29% of revenue). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 353.2k NOK → 347.6k NOK (equity ratio 9.3% → 6.2%). Calculated
-
↓
Cash fell
Bank deposits 410.1k NOK → 28.5k NOK (-93.0% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 6.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS moved
COGS / varekostnad 2.08m NOK → 2.46m NOK (+18.1% YoY). Calculated