A W KARLSEN AS: årsregnskap 2020 vs 2019
Grew 15% on revenue, returned to profit
approved 2021-02-15; registry 2021-03-22; journal 2021 161254
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A W KARLSEN AS. Revenue 5.33m NOK → 6.16m NOK (+15.5%). Net result -28.9k NOK → +5.30m NOK. Equity 1.23m NOK → 1.53m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A W KARLSEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.33m NOK to 6.16m NOK (+15.5% YoY). Calculated
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↑
Operating result improved
Operating result -24.1k NOK → +390.7k NOK (op. margin -0.5% → 6.3%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 28.9k NOK to a profit of 5.30m NOK. Calculated
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↑
Equity strengthened
Book equity 1.23m NOK → 1.53m NOK (equity ratio 56.0% → 57.0%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 963.0k NOK → 886.5k NOK (-7.9% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.63m NOK → 2.78m NOK (49% → 45% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.98m NOK → 2.22m NOK (+12.2% YoY). Calculated