A1 VASK OG VEDLIKEHOLD AS: årsregnskap 2020 vs 2019
Returned to profit
registry 2021-07-06; journal 2021 537235
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A1 VASK OG VEDLIKEHOLD AS. Revenue 457.6k NOK → 449.7k NOK (-1.7%). Net result -19.0k NOK → +64.8k NOK. Equity 38.6k NOK → 103.4k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A1 VASK OG VEDLIKEHOLD AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -19.0k NOK → +77.7k NOK (op. margin -4.2% → 17.3%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 19.0k NOK to a profit of 64.8k NOK. Calculated
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↑
Equity strengthened
Book equity 38.6k NOK → 103.4k NOK (equity ratio 49.2% → 66.5%). Calculated
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↑
Cash rose
Bank deposits 73.4k NOK → 145.3k NOK (+97.9% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 457.6k NOK to 449.7k NOK (-1.7% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 165.2k NOK → 203.7k NOK (36% → 45% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 278.1k NOK → 120.6k NOK (-56.6% YoY). Calculated