AB ELEKTRISK AS: årsregnskap 2020 vs 2019
Stronger earnings
approved 2021-09-06; registry 2021-09-30; journal 2021 758360
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AB ELEKTRISK AS. Revenue 6.42m NOK → 6.30m NOK (-1.9%). Net result +36.7k NOK → +95.3k NOK. Equity 14.5k NOK → 1.11m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AB ELEKTRISK AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +76.0k NOK → +134.6k NOK (op. margin 1.2% → 2.1%). Calculated
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↑
Net result improved
Net result +36.7k NOK → +95.3k NOK (net margin 0.6% → 1.5%). Calculated
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Equity strengthened
Book equity 14.5k NOK → 1.11m NOK (equity ratio 0.4% → 26.7%). Calculated
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Cash rose
Bank deposits 437.1k NOK → 537.5k NOK (+23.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.42m NOK to 6.30m NOK (-1.9% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.83m NOK → 2.97m NOK (44% → 47% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.09m NOK → 1.78m NOK (-14.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 35.8k NOK → 25.8k NOK. Reported fact