A. WAAG & CO. AS: årsregnskap 2020 vs 2019
Weaker earnings
approved 2021-05-30; registry 2021-06-21; journal 2021 371744
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A. WAAG & CO. AS. Revenue 6.74m NOK → 6.50m NOK (-3.6%). Net result +908.8k NOK → +589.7k NOK. Equity 569.3k NOK → 609.0k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A. WAAG & CO. AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 569.3k NOK → 609.0k NOK (equity ratio 17.8% → 20.0%). Calculated
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↑
Payroll decreased
Salary cost 3.67m NOK → 3.58m NOK (54% → 55% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.74m NOK to 6.50m NOK (-3.6% YoY). Calculated
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↓
Net result weakened
Net result +908.8k NOK → +589.7k NOK (net margin 13.5% → 9.1%). Calculated
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↓
Cash fell
Bank deposits 1.72m NOK → 1.20m NOK (-30.1% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 1.13m NOK → 1.34m NOK (+17.8% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 53.3k NOK → 13.3k NOK. Reported fact