A9 TEKNISKE NORGE AS: årsregnskap 2020 vs 2019
Grew 3539% on revenue, returned to profit
approved 2021-09-02; registry 2021-09-06; journal 2021 730332
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A9 TEKNISKE NORGE AS. Revenue 144.2k NOK → 5.25m NOK (+3538.8%). Net result -138.5k NOK → +137.0k NOK. Equity 1.18m NOK → 1.32m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A9 TEKNISKE NORGE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 144.2k NOK to 5.25m NOK (+3538.8% YoY). Calculated
-
↑
Operating result improved
Operating result -78.5k NOK → +101.9k NOK (op. margin -54.4% → 1.9%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 138.5k NOK to a profit of 137.0k NOK. Calculated
-
↑
Equity strengthened
Book equity 1.18m NOK → 1.32m NOK (equity ratio 40.7% → 46.6%). Calculated
-
↑
Payroll decreased
Salary cost 2.26m NOK → 1.95m NOK (1569% → 37% of revenue). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 873.7k NOK → 724.5k NOK (-17.1% YoY). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 1.90m NOK → 1.88m NOK (-1.0% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 87.0k NOK → 55.0k NOK. Reported fact